Strategic $500 Million Move Signals Major Crypto Confidence

PANews reported on September 19 that Zhao Changpeng retweeted the tweet " Trust Wallet Updates Token Litepaper " and said: "The TWT token was originally just an experiment. The price of FDV rose quickly. They destroyed 99% of the supply, but there were not many use cases. Now, (use cases) are expanding." Coingecko data shows that the price of TWT token is currently $1.1, with a 24-hour increase of 37.6%.

PANews reported on September 18th that blockchain analytics platform Bubblemaps published an article on the X platform claiming that Tether co-founder Reeve Collins had just launched a new token, STBL. However, the top five traders are suspiciously interconnected and have profited over $10 million. Collins launched STBL yesterday, a new stablecoin system built around three tokens: USST (stablecoin), YLD (yield token supporting USST), and STBL (governance token). An analysis of the top five traders by STBL trading volume revealed that these five profit-makers received capital injections at the same time. Tracing the source of their funds revealed a clear connection: the funds all came from the same source (injected via Tornado Cash); bots were used to borrow USDC from the Venus Protocol; and the total profit exceeded $10 million. However, there is no evidence that these traders are connected to the core team. In fact, this group of bots has a history of extracting value from other tokens, not just STBL.

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