Cryptocurrency Stablecoin Crashes by 98% in One Day, Triggers Rug Pull Accusations

October 26, 2024

Geckoterminal data reveals a significant drop in the value of a stablecoin, causing it to lose its parity with the dollar. Within a mere 24-hour period, the stablecoin plummeted by more than 98% to a value of $0.01338.