Farouk Salah

After looking at the ranking of @stbl_official, I found that $STBL was surprisingly pushed to a 6B FDV at ATH.

I remember when $STBL TGE happened, the market was still relatively good, and the attention on STBL was not that high. It was only after going on BN Alpha that people started talking about this new stablecoin project run by Tether's former founder @Reeve_Collins.

//

Founder Background = Valuation Leverage

The aura of Tether that Reeve Collins brings makes the market assume that STBL has the trading genes of a hundred billion dollar level. This is the reason that many on-chain players + MEME players + secondary players + market makers have all rushed in, pushing the height of $STBL to its peak.

Now it has fallen almost 10 times, which can be considered a return to a rational valuation range. In fact, it has returned the overdrawn future expectations. The liquidity purely for speculative background effects has already withdrawn, and the remaining holders are mostly long-term funds that are optimistic about the stablecoin business itself.

PS: This is not a call for you to buy in; buying in should be done with caution.

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