• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

There is proof that lots of “whales” triggered the collapse of the FSO

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

According to the Nansen analysis unit, the cause UST misplaced the $ one mark is for the reason that lots of big traders no longer think in this model.

There is proof that lots of “whales” triggered the collapse of the FSO

Blockchain information analysis unit Nansen a short while ago launched an in-depth evaluation report on the situation exactly where the stablecoin TerraUSD (UST) misplaced USD one (de-pe), main to the catastrophic collapse of the model. and the whole Earth ecosystem just a number of days later on.

Related articles

Osmosis encountered a problem that caused the chain to stop working

Osmosis encountered a issue that brought about the chain to prevent doing work

November 26, 2023
Coin68 Weekly Magazine (November 6 - November 12): Crypto Market Rises Strongly One Year After FTX Collapse

Coinlive Weekly Magazine (November six – November twelve): Crypto Market Rises Strongly One Year After FTX Collapse

November 12, 2023

Nansen’s publish, having said that prolonged, would seem to come to the following standard conclusion:

“We reject the hypothesis that an ‘attacker’ or a ‘hacker’ is behind the devaluation of the FSO. Instead, the FSO de-peg occasion could have resulted from the selection to end investing by lots of big institutions in buy to cut down danger or withdraw the FSO loaded in the Anchor protocol for good reasons of macro and marketplace volatility.

In other phrases, Nansen believes that the FSO’s de-peg is due to “whale discharge”. The analysis unit tracked down seven wallet addresses that offered a big volume of UST in the days that UST misplaced the USD one threshold, a single of which is from Celsius Network, the lending platform that is explained to have purchased a big volume of UST. big UST and deposit it in Anchor, take pleasure in twenty% curiosity and then share a element of the revenue with depositors.

From May eight-eleven, individuals “whale” wallets actively converted from UST to USDC and other currencies through Curve’s liquidity pool, exactly where UST reportedly started de-anchoring there.

The Luna Foundation Guard Earth reserve fund with assets of virtually $ three.five billion has “dropped money” to get the volume of UST that was launched to the marketplace, but can only deliver the UST value back to $ , 98, but never go back to the one USD mark.

Feeling that the problem could not be saved, the money concurrently refused to participate in Terraform Labs’ “voice” funding round on May eleven, each LUNA and UST costs beginning to “plummet without restraint” from there.

Readers can see Nansen’s authentic evaluation, as nicely as the proof and information collected right here.

one / What seriously occurred $ US?

After weeks of do the job by our staff of researchers, here is an in-depth seem at the $ US crisis that triggered the Earth ecosystem to collapse.

Be certain to retweet if you come across him also insightful.

Full report right here: https://t.co/MMdtrUO6Ve pic.twitter.com/7HcsPNWZOQ

– Nansen🧭 (@nansen_ai) May 27, 2022

Synthetic currency 68

Maybe you are interested:

Maybe you are interested:

Tags: CausedcollapseevidenceFSOWhales
Share76Tweet47

Related Posts

WazirX Granted Court Extension for Restructuring Plan

by shark
June 25, 2025
0

WazirX gains court extension for restructuring post-hack, shielding from lawsuits.

Arbitrum’s Protocol Revenue Soars by 23% Amid Renewed DAO Partnership

by shark
June 25, 2025
0

Arbitrum sees a 23% increase in protocol revenue as strategic DAO collaboration boosts financial outcomes.

Polymarket Shows Low Trump Impeachment Odds for 2025

by shark
June 25, 2025
0

Polymarket reports show a low likelihood of Trump's impeachment by 2025, with significant engagement in prediction markets.

Coinbase Schedules July System Upgrade for Enhanced Security

by shark
June 25, 2025
0

Coinbase is set to undergo a scheduled system upgrade on July 19, 2025. Here are the key takeaways and details.

San Antonio Spurs Partners with Ledger in Jersey Deal

by shark
June 25, 2025
0

San Antonio Spurs have entered a multi-year jersey sponsorship with Ledger, a cryptocurrency security firm, announced in San Antonio. The...

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • WazirX Granted Court Extension for Restructuring Plan
  • Arbitrum’s Protocol Revenue Soars by 23% Amid Renewed DAO Partnership
  • Bonk Price Prediction: Bonk Fades After 11,954% Rally as Troller Cat Prepares to Pounce With 13x Potential
  • Polymarket Shows Low Trump Impeachment Odds for 2025
  • Coinbase Schedules July System Upgrade for Enhanced Security
  • San Antonio Spurs Partners with Ledger in Jersey Deal
  • Federal Reserve Grants Banks Freedom in Crypto Activities
  • Bitcoin Absorption Rises Amid Market Turmoil, Analysts Report
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7