Community Questions Stable Deposit Activity as "Insider Trading," $825 Million Quota "Sold Out in Seconds"
On October 24, it was reported that the stablecoin public chain Stable sold out its $825 million quota within seconds after announcing the first phase of its pre-deposit event, sparking community suspicions of "insider trading" operations. Upon investigation, the official announcement was released at 9:10 AM (GMT+8), while on-chain data shows that the first deposit was made at 8:48 AM, before the official announcement. Rough estimates indicate that over 70% of the deposits were made prior to the announcement.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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