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Another so-called stablecoin has collapsed...
It's about Yala (YU). It has dropped almost 40% in 24 hours, and the price has fallen to $0.37. Sounds okay? Don't rush.
Look at this set of numbers:
- Market Cap: $33.3 million (looks pretty impressive)
- Actual liquidity: 1400 USD...
- The main trading pool Uniswap's YU/USDC pair had a total trading volume of 11,500 USD today.
- Pool depth? 977 USD.
977 dollars, everyone. The liquidity of many土狗meme coins is thicker than this.
Is this called a stablecoin? Are you kidding me? With such thin liquidity and such a sharp decline, let's not even talk about whether the project team will run away—users can't even escape. When sell orders hit, the price directly penetrates to the core of the Earth.
So I advise: in situations like YU, withdraw as quickly as possible. Don't harbor any delusions; no matter how good the market cap looks, without liquidity support, it's just a numbers game.