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Don't remind me again today

The stablecoin crypto world has been a bit chaotic these past three days.



Two coins with market capitalizations over 500 million have consecutively crashed, and many people think it's a bottom-fishing opportunity. What happened? They all became bag holders.

Ethena's USDe is the worst, plummeting from a market value of 14.8 billion to 8.7 billion in one go, and it's still falling, with no idea where the bottom is. The panic mood has already begun to spread.

What's even more amazing is the decoupling of XUSD — you can't find that price movement on CMC at all now, you have to go to Coingecko to check. That candlestick is a classic example, so bad that it's representative.

To be honest, this operation is quite frustrating to watch.
USDE-0.05%
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CommunitySlackervip
· 10h ago
The leek harvesting machine is starting up.
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GateUser-40edb63bvip
· 10h ago
The stablecoin is starting to surge again.
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ExpectationFarmervip
· 10h ago
I remember that time with Luna again.
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