Stable Introduces Anti-Whale Measures in Pre-Deposit Program Phase 2

Stablecoin issuer has launched its second phase of a pre-deposit program, aiming to prevent large wallets from dominating the initiative. Following community concerns regarding fairness and potential dominance by whales, the project incorporates per-wallet deposit limits and individual wallet requirements for allocations. This move comes in response to initial high demand and criticism over early access advantages for certain participants. 825 million dollars was raised within the first 22 minutes of the program launch. The initiative aims to ensure broader participation and transparency in fundraising, while also encouraging more retail investors to engage with the project. The updated framework may deter large-scale whale activity and enhance overall trust among investors. Experts believe that the changes could encourage greater market engagement from smaller investors. Initial concerns about front running have been addressed through these new measures. Despite these updates, community analysts are monitoring on-chain data for further transparency assessment. Historically, adjustments to deposit programs reflect changing market dynamics where rapid adoption often necessitates a more equitable approach. On-chain data indicates the majority of funds came from a small number of large wallets before the official announcement, highlighting the need for ongoing monitoring to ensure fairness and transparency.