Altcoin News

Demystifying the Mechanisms and Risks of Leading Stablecoins

Since the LUNA thunderstorm and the Silicon Valley Bank thunderstorm triggered a series of black swan events such as the decoupling of the world’s second largest encrypted stablecoin USDC, the market’s distrust of the concept of stablecoins seems to have reached a threshold.

SHIB Whales Reduce Holdings of 30 Trillion Tokens

Shiba Inu (SHIB) whales have sold trillions of SHIB tokens on the market in the past 48 hours. According to blockchain analysis firm IntoTheBlock, the total number of Shiba Inu tokens held by these whales has dropped by 30 trillion since last Friday.