In a significant event that has shaken the cryptocurrency community, StablesLab’s USDX stablecoin has experienced a severe de-peg. This marks a drastic departure from its intended value of […]
Whale Capitalizes on USDX Depeg, Investing 800,000 USDT Amid Peg Decline
A recent sharp drop in the USDX stablecoin price has triggered an arbitrage opportunity for a significant investor. The whale, identified by address `0xe454`, purchased 933,241 USDX tokens […]
Whale Buys $800K USDX After Stablecoin Depegs, But Redemption Remains Pending
A prominent cryptocurrency whale has taken advantage of a recent plunge in the USDX stablecoin’s price. This investor bought $800,000 worth of USDT (Tether) to purchase 933,241 USDX […]
USDX Depegs Spark DeFi Panic: Are Stablecoins Safe?
The cryptocurrency market experienced a significant disruption today with USDX, a stablecoin issued by Stable Labs, breaking its $1 peg and plummeting to lows of $0.38 before partially […]