【Market Flash】$400 million vanished in two weeks—is it all because one address is dumping? USD1’s market cap fell from $4.43 billion to $4.02 billion, a decline of 9.1%. From October 6 to 15, there were net redemptions of $184.6 million on Ethereum and $200.4 million on BNB Chain, nearly $200 million of which came from a single unidentified address, with each redemption ranging from $30 million to $50 million. Ironically, the price hasn’t budged, holding steady between $0.998 and $1—the supply is fleeing, but the peg is intact. If one address can pull about 5% of the supply, that’s not decentralization; it’s a glaring single point of failure. Do you think this is a large holder temporarily rebalancing, or someone making an exit?
$WLFI $ETH $BNB
#USD1 #稳定币 #On-chainData
(Source: CryptoEconomy)
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