Initia Pauses Layer-1 Network as About $615,000 Moves Through Noble

Initia's layer-1 network paused as about $605,000 in USD Coin (USDC) and roughly $10,000 in other tokens moved out through Noble, for a combined reported value of about $615,000. USDC accounted for roughly 98% of that total, with the other tokens making up the remaining 2%.

The reported figures put both asset groups on the same outbound route while the network was paused. The USDC amount was about 60 times the value of the other tokens. Together, the figures describe the full reported movement, rather than a USDC-only transfer.

Bitcoin (BTC) also fell below $75,000 on Nov. 10, and Peter Schiff urged holders to sell. DeFi Development Corp. disclosed buying 8,881 SOL during the prior week, bringing its holdings to 2,609,829 SOL.

Those developments added market and corporate context to the Initia pause: Bitcoin was below the stated price level, while DeFi Development Corp. increased its SOL position. The reported Initia movement totaled about $615,000, split between USDC and other tokens moving through Noble.