The Yala stablecoin YU, invested by Polychain, has depegged and once fell to $0.2074.

robot
Abstract generation in progress

According to Wu, DEX Screener reported that the Yala stablecoin YU, invested by Polychain, has experienced a depeg from 5:14 UTC+8 today, falling to as low as $0.2074, and is currently recovering to $0.923. Additionally, there is only $1,450 of USDC liquidity in the YU/USDC LP on Uniswap on Ethereum. On-chain data shows that a suspicious address: 0x29…74F5 minted 10 million YU from a Null address between 4:10-4:13 UTC+8 today and redeemed 5.213 million YU for 5.213 million USDC through Yala PSM; subsequently, the address purchased ETH with 5.213 million USDC and distributed it to dozens of addresses at 10.1 ETH each.

ETH-10.42%
USDC0.01%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)