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The Stablecoin Genesis Whale is currently selling Depositary Receipts through a self-custody pool, with a premium of 12%.
BlockBeats News, October 30th, on-chain data shows that a whale who participated in the initial deposit of a Stablecoin has created a deposit certificate token ctStableUSDT (Contract Address: 0x6503de9FE77d256d9d823f2D335Ce83EcE9E153f) on Uniswap along with a liquidity pool for USDT. The current liquidity size is approximately $16.5 million, and the deposit certificate token ctStableUSDT is currently priced at 1.12 USDT, representing a 12% premium.
In a previous report, following Stablecoin's announcement of the first-phase pre-deposit activity, an $825 million quota was sold out within seconds, sparking community concerns about insider trading. BlockBeats investigation found that the official announcement was made at 9:10 (Beijing time), while on-chain data indicates that the first deposit was made at 8:48 before the announcement, roughly estimating that over 70% of the deposits were made before the announcement.
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