Summary
- It reported that prices of related assets tumbled after signs of a large-scale irregular token issuance were detected at the stablecoin project ResolV (RESOLV).
- On-chain analyst Ai said signs were detected that roughly 50 million USR were minted with 100,000 USDC.
- It reported that after the suspected irregular issuance, USR at one point fell to $0.257 (down 74.2%) before partially rebounding to around $0.7847.
Forecast Trend Report by Period
Prices of related assets tumbled after signs of a large-scale irregular token issuance were detected at the stablecoin project ResolV (RESOLV).
According to BlockBeats, a cryptocurrency-focused media outlet, on-chain analyst Ai said on the 22nd, "We detected signs that roughly 50 million USR were minted at ResolV using 100,000 USDC."
Following the suspected irregular issuance, the price of USR fell sharply in the short term. USR at one point slid to $0.257, a 74.2% drop, before partially rebounding to around $0.7847.
As of now, ResolV has not issued an official statement on the matter.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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