• bitcoinBitcoin (BTC) $ 105,366.00
  • ethereumEthereum (ETH) $ 2,552.23
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.17
  • bnbBNB (BNB) $ 651.44
  • solanaSolana (SOL) $ 146.75
  • usd-coinUSDC (USDC) $ 0.999763
  • dogecoinDogecoin (DOGE) $ 0.178028
  • tronTRON (TRX) $ 0.270722
  • staked-etherLido Staked Ether (STETH) $ 2,549.48
  • cardanoCardano (ADA) $ 0.638405
  • hyperliquidHyperliquid (HYPE) $ 42.23
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 105,204.00
  • wrapped-stethWrapped stETH (WSTETH) $ 3,076.06
  • suiSui (SUI) $ 3.05
  • bitcoin-cashBitcoin Cash (BCH) $ 440.08
  • chainlinkChainlink (LINK) $ 13.29
  • leo-tokenLEO Token (LEO) $ 9.05
  • avalanche-2Avalanche (AVAX) $ 19.33
  • stellarStellar (XLM) $ 0.260642
  • the-open-networkToncoin (TON) $ 3.03
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • usdsUSDS (USDS) $ 0.999648
  • wethWETH (WETH) $ 2,551.60
  • hedera-hashgraphHedera (HBAR) $ 0.158869
  • wrapped-eethWrapped eETH (WEETH) $ 2,729.58
  • litecoinLitecoin (LTC) $ 86.40
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • polkadotPolkadot (DOT) $ 3.82
  • moneroMonero (XMR) $ 312.16
  • whitebitWhiteBIT Coin (WBT) $ 39.20
  • bitget-tokenBitget Token (BGB) $ 4.56
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 105,386.00
  • pepePepe (PEPE) $ 0.000011
  • uniswapUniswap (UNI) $ 7.48
  • pi-networkPi Network (PI) $ 0.585871
  • aaveAave (AAVE) $ 285.94
  • daiDai (DAI) $ 0.999820
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • bittensorBittensor (TAO) $ 373.60
  • okbOKB (OKB) $ 51.85
  • internet-computerInternet Computer (ICP) $ 5.64
  • aptosAptos (APT) $ 4.52
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • crypto-com-chainCronos (CRO) $ 0.091517
  • nearNEAR Protocol (NEAR) $ 2.22
  • ethereum-classicEthereum Classic (ETC) $ 16.73
  • jito-staked-solJito Staked SOL (JITOSOL) $ 177.46
  • ondo-financeOndo (ONDO) $ 0.794408
  • tokenize-xchangeTokenize Xchange (TKX) $ 30.18
  • susdssUSDS (SUSDS) $ 1.06
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • mantleMantle (MNT) $ 0.643241
  • gatechain-tokenGate (GT) $ 17.14
  • kaspaKaspa (KAS) $ 0.077539
  • official-trumpOfficial Trump (TRUMP) $ 10.15
  • vechainVeChain (VET) $ 0.022351
  • fasttokenFasttoken (FTN) $ 4.44
  • skySky (SKY) $ 0.088695
  • cosmosCosmos Hub (ATOM) $ 4.13
  • ethenaEthena (ENA) $ 0.299165
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 105,384.00
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.201387
  • render-tokenRender (RENDER) $ 3.46
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.669367
  • arbitrumArbitrum (ARB) $ 0.345710
  • filecoinFilecoin (FIL) $ 2.44
  • worldcoin-wldWorldcoin (WLD) $ 0.992029
  • quant-networkQuant (QNT) $ 107.53
  • algorandAlgorand (ALGO) $ 0.179995
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,552.92
  • usdt0USDT0 (USDT0) $ 0.999924
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.38
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998077
  • usdtbUSDtb (USDTB) $ 0.999872
  • kucoin-sharesKuCoin (KCS) $ 11.27
  • spx6900SPX6900 (SPX) $ 1.47
  • binance-staked-solBinance Staked SOL (BNSOL) $ 155.18
  • flare-networksFlare (FLR) $ 0.018654
  • jupiter-exchange-solanaJupiter (JUP) $ 0.419405
  • fartcoinFartcoin (FARTCOIN) $ 1.24
  • celestiaCelestia (TIA) $ 1.83
  • nexoNEXO (NEXO) $ 1.22
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.86
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,902.83
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,669.71
  • bonkBonk (BONK) $ 0.000015
  • injective-protocolInjective (INJ) $ 11.73
  • sonic-3Sonic (S) $ 0.332965
  • story-2Story (IP) $ 3.63
  • optimismOptimism (OP) $ 0.601117
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • xdce-crowd-saleXDC Network (XDC) $ 0.060125
  • blockstackStacks (STX) $ 0.633068
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • sei-networkSei (SEI) $ 0.178398
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,726.31
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,668.21
  • kaiaKaia (KAIA) $ 0.153625
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 104,964.00
  • immutable-xImmutable (IMX) $ 0.464252
  • wbnbWrapped BNB (WBNB) $ 651.83
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 105,173.00
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,680.09
  • dogwifcoindogwifhat (WIF) $ 0.856621
  • tether-goldTether Gold (XAUT) $ 3,434.56
  • the-graphThe Graph (GRT) $ 0.088084
  • pax-goldPAX Gold (PAXG) $ 3,457.55
  • vaultaVaulta (A) $ 0.531092
  • curve-dao-tokenCurve DAO (CRV) $ 0.612356
  • clbtcclBTC (CLBTC) $ 107,118.00
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.48
  • newton-projectAB (AB) $ 0.012362
  • flokiFLOKI (FLOKI) $ 0.000080
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 163.95
  • lido-daoLido DAO (LDO) $ 0.814514
  • zcashZcash (ZEC) $ 44.98
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 2,756.97
  • msolMarinade Staked SOL (MSOL) $ 190.83
  • ousgOUSG (OUSG) $ 111.43
  • theta-tokenTheta Network (THETA) $ 0.707208
  • jito-governance-tokenJito (JTO) $ 2.06
  • galaGALA (GALA) $ 0.015147
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.999656
  • ethereum-name-serviceEthereum Name Service (ENS) $ 20.19
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • iotaIOTA (IOTA) $ 0.171839
  • bittorrentBitTorrent (BTT) $ 0.00000067
  • the-sandboxThe Sandbox (SAND) $ 0.264969
  • jasmycoinJasmyCoin (JASMY) $ 0.013231
  • walrus-2Walrus (WAL) $ 0.467738
  • pendlePendle (PENDLE) $ 3.85
  • wrapped-hypeWrapped HYPE (WHYPE) $ 42.22
  • aerodrome-financeAerodrome Finance (AERO) $ 0.740314
  • polyhedra-networkPolyhedra Network (ZKJ) $ 2.01
  • bitcoin-svBitcoin SV (BSV) $ 31.03
  • usual-usdUsual USD (USD0) $ 0.997773
  • pyth-networkPyth Network (PYTH) $ 0.106648
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.009745
  • raydiumRaydium (RAY) $ 2.09
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 104,629.00
  • tezosTezos (XTZ) $ 0.567520
  • coredaoorgCore (CORE) $ 0.586646
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • falcon-financeFalcon USD (USDF) $ 0.998680
  • saros-financeSaros (SAROS) $ 0.218210
  • super-oethSuper OETH (SUPEROETH) $ 2,550.94
  • flowFlow (FLOW) $ 0.352234
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,550.83
  • apecoinApeCoin (APE) $ 0.693023
  • tbtctBTC (TBTC) $ 104,868.00
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,681.07
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,723.80
  • syrupMaple Finance (SYRUP) $ 0.493347
  • thorchainTHORChain (RUNE) $ 1.50
  • dexeDeXe (DEXE) $ 8.95
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 105,438.00
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,551.13
  • decentralandDecentraland (MANA) $ 0.265402
  • true-usdTrueUSD (TUSD) $ 0.997133
  • staked-hypeStaked HYPE (STHYPE) $ 42.21
  • compound-governance-tokenCompound (COMP) $ 52.47
  • grassGrass (GRASS) $ 1.63
  • chain-2Onyxcoin (XCN) $ 0.013550
  • kavaKava (KAVA) $ 0.422520
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.177763
  • heliumHelium (HNT) $ 2.47
  • based-brettBrett (BRETT) $ 0.044733
  • morphoMorpho (MORPHO) $ 1.43
  • beldexBeldex (BDX) $ 0.061051
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999778
  • keetaKeeta (KTA) $ 1.08
  • usddUSDD (USDD) $ 1.00
  • aioz-networkAIOZ Network (AIOZ) $ 0.356395
  • aethirAethir (ATH) $ 0.041992
  • ketKet (KET) $ 0.411293
  • ecasheCash (XEC) $ 0.000021
  • dydx-chaindYdX (DYDX) $ 0.521178
  • mimblewimblecoinMimbleWimbleCoin (MWC) $ 37.39
  • hashnote-usycCircle USYC (USYC) $ 1.09
  • axelarAxelar (AXL) $ 0.413803
  • apenftAPENFT (NFT) $ 0.00000041
  • ripple-usdRipple USD (RLUSD) $ 0.999690
  • arweaveArweave (AR) $ 6.17
  • starknetStarknet (STRK) $ 0.120457
  • usdbUSDB (USDB) $ 0.986548
  • neoNEO (NEO) $ 5.68
  • elrond-erd-2MultiversX (EGLD) $ 14.02
  • eigenlayerEigenlayer (EIGEN) $ 1.28
  • eosEOS (EOS) $ 0.533052
  • stader-ethxStader ETHx (ETHX) $ 2,710.78
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,550.04
  • movementMovement (MOVE) $ 0.146637
  • axie-infinityAxie Infinity (AXS) $ 2.34
  • conflux-tokenConflux (CFX) $ 0.074943
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 0.998883
  • dog-go-to-the-moon-runeDog (Bitcoin) (DOG) $ 0.003752
  • reserve-rights-tokenReserve Rights (RSR) $ 0.006381
Altcoins

Poloniex exit leaves Ethereum stUSDT nearly abandoned

By admin
0 32

Poloniex exit leaves Ethereum stUSDT nearly abandoned

Staked USDT (stUSDT), a protocol that supposedly invests in US Treasury securities to pay yields to users who ‘stake’ their tether tokens, has seen its utilization on Ethereum collapse as Justin Sun-owned Poloniex has exited its position, according to onchain data.

Staked USDT is a token that has historically been used by entities and wallets closely connected to Sun, representing a majority of all tethers in reserves at HTX, a cryptocurrency exchange he advises.

Additionally, on Ethereum, huge portions of this token were controlled by 0x176F3DAb24a159341c0509bB36B833E7fdd0a132, an address that was previously tagged as “Justin Sun 4” on Etherscan but is now tagged as “Poloniex 9.”

Poloniex’s abject refusal to complete a proof-of-reserves, despite Sun’s repeated promises and insistence on its importance, makes it more challenging to determine if this address is more under the control of Poloniex or Sun, insofar as there is a difference.

At times, this address controlled as much as 96% of the total supply of stUSDT on Ethereum.

However, approximately three months ago, the exchange appeared to have requested a withdrawal of approximately $30 million worth of the token. This was followed two days ago by the withdrawal of approximately $11 million worth, and another $9.4 million today.

These withdrawals have left the token nearly abandoned on Ethereum, with the largest remaining holder, 0x9FCc67D7DB763787BB1c7f3bC7f34d3C548c19Fe, having only $1.7 million worth of this token — approximately 90% of the total supply.

The largest token holder on Tron, TDToUxX8sH4z6moQpK3ZLAN24eupu2ivA4, an HTX address, still holds a much larger $195 million, representing approximately 85% of the supply on Tron.

Protos has reached out to Poloniex to confirm it controls this address, but at press time had received no response.

Source

admin 14804 posts 0 comments
You might also like More from author

Leave A Reply

Your email address will not be published.

Verified by MonsterInsights