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The community questioned the Stable Deposit Activity "Coinbase Effect," with an $825 million quota selling out in seconds.
BlockBeats News, on October 24, shortly after Stablecoin public chain announced the first-phase deposit event, the $825 million quota was sold out within seconds, sparking community doubts about its "insider trading."
BlockBeats investigation found that the official announcement was made at 9:10 (Beijing time), while on-chain data showed that the first deposit was made at 8:48 before the announcement, with a rough estimate that over 70% of the deposits were made before the announcement.
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