Mike Dudas
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43 days agoMike Dudasmdudas
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
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The sentiment for $STABLE is highly negative, with reports characterizing it as a "scam" featuring a $2.65B FDV and $562M market cap despite having only $41K in TVL and 0% network utilization. Critics highlight that 79% of the token supply is held by VCs and insiders, and the asset lacks value accrual as network fees are paid in USDT rather than $STABLE. The post further notes that while XRP maintains a community, $STABLE lacks organic support and functional chain activity.

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About Mike Dudas
Mike Dudas

Mike Dudas

By mdudas

crypto investor @6thManVentures // co-founder @theblock__ @linksdao // @moonbirds kol