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Large Investors in the first phase of Stable's deposits are currently selling deposit certificates through their own pool, with a premium of 12%.
On October 30, on-chain data showed that large investors who had made the first deposit of Stable were constructing a deposit certificate token ctStableUSDT (contract address: 0x6503de9FE77d256d9d823f2D335Ce83EcE9E153f) with USDT in the liquidity pool on Uniswap. Currently, the liquidity scale is approximately 16.5 million USD, and the deposit certificate token ctStableUSDT is temporarily quoted at 1.12 USDT, with a premium of 12%. According to previous news, after the public chain Stable announced the first phase of the pre-deposit activity, the amount of 825 million USD was sold out within seconds, raising suspicions in the community about its 'rat trading' operations. BlockBeats verified that the official announcement was published at 9:10 AM Beijing time, and on-chain data indicated that the first deposit was made at 8:48 AM, roughly estimating that over 70% of the deposits were made before the announcement.