Stable Implements Anti-Whale Measures in Pre-Deposit Campaign
- Stable launches Phase 2 with anti-whale measures.
- Program introduced following community backlash.
- Tether and Bitfinex back the initiative.
Stable’s second phase of the deposit program starts next week, addressing initial fairness concerns by introducing per-wallet deposit limits. This measure aims to prevent dominance by large wallets and insider advantages, ensuring broader participation and transparency.
The initial deposit program met with significant demand, raising $825 million in 22 minutes. Criticism emerged due to a few large wallets dominating deposits, prompting the project to introduce new fairness measures.
The program’s second phase introduces restrictions like per-wallet deposit limits and individual wallet requirements, aiming to distribute allocations across more participants. Official accounts announced the changes, citing community concerns as a crucial factor.
These changes could reshape the market dynamics by discouraging a small number of whales from controlling asset flow. Industry experts suggest these measures may enhance overall trust and engagement among retail investors.
The initial round’s rapid intake demonstrated high demand but also led to scrutiny over practices like front running. The project hopes this updated framework will address previous transparency issues.
Despite these updates, community analysts according to on-chain data still report signs of fund allocations before official announcements. Monitoring these transactions remains critical to assessing the program’s success in achieving fairness.
Historically, such adjustments in deposit programs reflect market trends where rapid saturation often necessitates fairer strategies. Data indicates that engaging retail participants improves as measures curb dominance by large investors.
On-chain data shows that most deposit funds come from a small number of large wallets, which had already transferred funds before the official announcement was made.
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.
You may also like
The AI boom may follow the path of the 19th-century railway bubble, and builders may not be the ultimate winners
Goldman Sachs analyst Bobby Molavi compared the current situation to the 19th-century British railway mania: 500 companies spent more than the nation's annual income building 8,000 miles of railway, with most early investors losing out, while the real beneficiaries were the later "passengers." He pointed out that the current AI craze is driven by both debt and momentum, and that the S&P 500’s forward P/E ratio of 18x is only "a bit cheaper." Whether the builders can retain value is uncertain, and history does not offer an optimistic answer.
If Anthropic's IPO goes smoothly and the stock price rises next week, then everything remains the same for AI. Otherwise, some companies will go bankrupt.
The shrinking valuations of two major giants have triggered a chain reaction—investors are adopting more conservative revenue multiples for AI startups and are directly halting high-valuation financing for companies with zero revenue. Multiple venture capital firms have advised their portfolio companies to lower valuation expectations and to quickly build up cash reserves. Market participants warn that the outcome of Anthropic’s IPO will be a barometer for the industry: if successful, the boom will continue; if it fails, some companies may face elimination.
After the Brazilian election, political discount deepens; Morgan Stanley remains bullish on Petrobras (PBR.US), focusing on fuel pricing and dividends
Morgan Stanley still maintains its most optimistic "Overweight" rating, but has lowered its year-end 2027 target price from $31 to $25.
Corning (GLW.US) receives initial "Buy" rating from Jefferies! AI factories driving a fiber optic rush, with a potential global supply gap of up to 30%
For Corning, the recent profit growth mainly comes from the expansion of AI clusters. As the number of optical links crossing cabinets and campuses increases, customers need to deploy more optical fibers within limited conduit and cabinet space, thus driving demand for high-density optical cables and connection systems.
Crypto prices
More
