Ethena stablecoin USDe redemption hits record high of $268 million in one day
On March 3rd, according to Dune data, the stablecoin USDe experienced its largest single-day redemption in history on March 1st, totaling $2.68 billion, resulting in a decrease of approximately 4.7% in the total circulation of USDe.
The data shows that this redemption activity was mainly driven by two large holders: address 0x59 redeemed approximately 180 million USDe, while Sky redeemed approximately 70 million USDe.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Litecoin, SOL and XRP Price Drop Ahead of Trump “Big Announcement”
Trump’s latest post teased, “TOMORROW NIGHT WILL BE BIG. I WILL TELL IT LIKE IT IS!”
Rapper Snoop Dogg Ditches Spotify to Join Web3 Platform Tune.FM
U.S Lawmakers Tom Emmer Ritchie Torres Team Up for Crypto Caucus
Nano’s (XNO) Price Breakout Signals 750% Surge With Target Set at $10.66
Trending news
MoreCrypto prices
More
