Algorithmic stablecoin pegged to the US dollar, Neutrino has fallen by 15% from its peg and is now worth around 82 cents instead of a dollar.
Neutrino (USDN) is a top ten stablecoin in the market and is backed by Waves token. But the fall in the value of WAVES over the past week means that USDN has also suffered.
This has led to several conspiracy theories regarding the occurrence. While many wonders if WAVES is a Ponzi project, the founder of Waves blockchain has claimed that this was an attempt by FTX-owned Alameda Research to short the WAVES Token.
People should really look at funding rates for WAVES right now
— Sam Trabucco (@AlamedaTrabucco) April 3, 2022
With the falling price, USDN’s market cap dropped to $824.25 million from $960.25 million.
On the other hand, the blockchain network, which has seen its native token perform admirably within the last two months as its value reached as high as $61 by March 31, has plunged to $33 as it has dropped over 20% of its value withi
We współpracy z: https://cryptoslate.com/why-some-people-are-saying-waves-is-a-ponzi-scheme/
