• bitcoinBitcoin (BTC) $ 117,147.00
  • ethereumEthereum (ETH) $ 3,111.94
  • xrpXRP (XRP) $ 2.89
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 686.50
  • solanaSolana (SOL) $ 162.05
  • usd-coinUSDC (USDC) $ 0.999868
  • dogecoinDogecoin (DOGE) $ 0.196244
  • tronTRON (TRX) $ 0.301010
  • staked-etherLido Staked Ether (STETH) $ 3,106.92
  • cardanoCardano (ADA) $ 0.734587
  • hyperliquidHyperliquid (HYPE) $ 47.37
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 116,951.00
  • stellarStellar (XLM) $ 0.450189
  • suiSui (SUI) $ 3.98
  • wrapped-stethWrapped stETH (WSTETH) $ 3,766.15
  • chainlinkChainlink (LINK) $ 15.89
  • bitcoin-cashBitcoin Cash (BCH) $ 498.66
  • hedera-hashgraphHedera (HBAR) $ 0.229514
  • avalanche-2Avalanche (AVAX) $ 21.79
  • wrapped-eethWrapped eETH (WEETH) $ 3,338.97
  • leo-tokenLEO Token (LEO) $ 8.86
  • shiba-inuShiba Inu (SHIB) $ 0.000013
  • the-open-networkToncoin (TON) $ 3.06
  • wethWETH (WETH) $ 3,110.64
  • litecoinLitecoin (LTC) $ 95.35
  • usdsUSDS (USDS) $ 0.999723
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • whitebitWhiteBIT Coin (WBT) $ 44.20
  • moneroMonero (XMR) $ 332.80
  • polkadotPolkadot (DOT) $ 4.02
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 117,112.00
  • uniswapUniswap (UNI) $ 9.17
  • ethena-usdeEthena USDe (USDE) $ 0.999999
  • pepePepe (PEPE) $ 0.000013
  • bitget-tokenBitget Token (BGB) $ 4.51
  • aaveAave (AAVE) $ 322.46
  • bittensorBittensor (TAO) $ 433.37
  • daiDai (DAI) $ 1.00
  • pi-networkPi Network (PI) $ 0.442258
  • aptosAptos (APT) $ 5.04
  • crypto-com-chainCronos (CRO) $ 0.106781
  • nearNEAR Protocol (NEAR) $ 2.63
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • internet-computerInternet Computer (ICP) $ 5.53
  • ethereum-classicEthereum Classic (ETC) $ 19.07
  • ondo-financeOndo (ONDO) $ 0.926448
  • okbOKB (OKB) $ 47.26
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • jito-staked-solJito Staked SOL (JITOSOL) $ 196.74
  • algorandAlgorand (ALGO) $ 0.274980
  • mantleMantle (MNT) $ 0.704523
  • bonkBonk (BONK) $ 0.000030
  • kaspaKaspa (KAS) $ 0.087030
  • pump-funPump.fun (PUMP) $ 0.006446
  • ethenaEthena (ENA) $ 0.354289
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • vechainVeChain (VET) $ 0.024759
  • sei-networkSei (SEI) $ 0.368366
  • cosmosCosmos Hub (ATOM) $ 4.62
  • arbitrumArbitrum (ARB) $ 0.425517
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.229228
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.031910
  • render-tokenRender (RENDER) $ 3.83
  • fasttokenFasttoken (FTN) $ 4.50
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.732524
  • susdssUSDS (SUSDS) $ 1.06
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,116.35
  • official-trumpOfficial Trump (TRUMP) $ 9.36
  • gatechain-tokenGate (GT) $ 15.60
  • worldcoin-wldWorldcoin (WLD) $ 1.06
  • filecoinFilecoin (FIL) $ 2.61
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 117,121.00
  • skySky (SKY) $ 0.077952
  • quant-networkQuant (QNT) $ 112.40
  • binance-staked-solBinance Staked SOL (BNSOL) $ 172.47
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.74
  • jupiter-exchange-solanaJupiter (JUP) $ 0.507517
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,262.05
  • kucoin-sharesKuCoin (KCS) $ 11.57
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,545.29
  • usdtbUSDtb (USDTB) $ 0.999759
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997580
  • spx6900SPX6900 (SPX) $ 1.56
  • celestiaCelestia (TIA) $ 1.93
  • usdt0USDT0 (USDT0) $ 0.999382
  • nexoNEXO (NEXO) $ 1.32
  • story-2Story (IP) $ 4.42
  • injective-protocolInjective (INJ) $ 13.14
  • blockstackStacks (STX) $ 0.791541
  • optimismOptimism (OP) $ 0.692409
  • fartcoinFartcoin (FARTCOIN) $ 1.21
  • xdce-crowd-saleXDC Network (XDC) $ 0.074424
  • flare-networksFlare (FLR) $ 0.017214
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 3,267.96
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,321.37
  • sonic-3Sonic (S) $ 0.352683
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 117,148.00
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • curve-dao-tokenCurve DAO (CRV) $ 0.784367
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.64
  • dogwifcoindogwifhat (WIF) $ 1.05
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,278.74
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 3,362.44
  • immutable-xImmutable (IMX) $ 0.530820
  • the-graphThe Graph (GRT) $ 0.101504
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • flokiFLOKI (FLOKI) $ 0.000098
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 117,052.00
  • pax-goldPAX Gold (PAXG) $ 3,336.42
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • clbtcclBTC (CLBTC) $ 118,207.00
  • wbnbWrapped BNB (WBNB) $ 687.93
  • kaiaKaia (KAIA) $ 0.151225
  • vaultaVaulta (A) $ 0.548549
  • iotaIOTA (IOTA) $ 0.220960
  • ethereum-name-serviceEthereum Name Service (ENS) $ 25.46
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 181.74
  • paypal-usdPayPal USD (PYUSD) $ 0.999514
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.41
  • theta-tokenTheta Network (THETA) $ 0.820978
  • tether-goldTether Gold (XAUT) $ 3,327.01
  • msolMarinade Staked SOL (MSOL) $ 211.74
  • lido-daoLido DAO (LDO) $ 0.888728
  • jasmycoinJasmyCoin (JASMY) $ 0.016341
  • galaGALA (GALA) $ 0.017410
  • the-sandboxThe Sandbox (SAND) $ 0.311350
  • raydiumRaydium (RAY) $ 2.84
  • aerodrome-financeAerodrome Finance (AERO) $ 0.843436
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.75
  • ousgOUSG (OUSG) $ 111.81
  • saros-financeSaros (SAROS) $ 0.266026
  • zcashZcash (ZEC) $ 43.17
  • pyth-networkPyth Network (PYTH) $ 0.120705
  • tokenize-xchangeTokenize Xchange (TKX) $ 8.77
  • bittorrentBitTorrent (BTT) $ 0.00000069
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 3,324.17
  • super-oethSuper OETH (SUPEROETH) $ 3,112.85
  • memecoreMemeCore (M) $ 0.407626
  • tezosTezos (XTZ) $ 0.641448
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.998227
  • pendlePendle (PENDLE) $ 4.02
  • jito-governance-tokenJito (JTO) $ 1.87
  • falcon-financeFalcon USD (USDF) $ 1.00
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 3,277.69
  • morphoMorpho (MORPHO) $ 2.05
  • chain-2Onyxcoin (XCN) $ 0.018554
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.10
  • walrus-2Walrus (WAL) $ 0.460234
  • flowFlow (FLOW) $ 0.394495
  • tbtctBTC (TBTC) $ 116,940.00
  • mog-coinMog Coin (MOG) $ 0.000002
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 3,110.78
  • decentralandDecentraland (MANA) $ 0.312221
  • newton-projectAB (AB) $ 0.008717
  • usual-usdUsual USD (USD0) $ 0.997633
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 116,715.00
  • telcoinTelcoin (TEL) $ 0.006287
  • bitcoin-svBitcoin SV (BSV) $ 28.65
  • heliumHelium (HNT) $ 3.05
  • based-brettBrett (BRETT) $ 0.055843
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 117,306.00
  • coredaoorgCore (CORE) $ 0.546231
  • thorchainTHORChain (RUNE) $ 1.55
  • wrapped-hypeWrapped HYPE (WHYPE) $ 47.34
  • apecoinApeCoin (APE) $ 0.658176
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,110.55
  • conflux-tokenConflux (CFX) $ 0.101489
  • staked-hypeStaked HYPE (STHYPE) $ 47.13
  • ripple-usdRipple USD (RLUSD) $ 0.999633
  • starknetStarknet (STRK) $ 0.143351
  • build-onBUILDon (B) $ 0.514283
  • usddUSDD (USDD) $ 1.00
  • beldexBeldex (BDX) $ 0.072947
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.196755
  • true-usdTrueUSD (TUSD) $ 0.998547
  • arweaveArweave (AR) $ 7.44
  • stader-ethxStader ETHx (ETHX) $ 3,310.64
  • syrupMaple Finance (SYRUP) $ 0.449398
  • venomVenom (VENOM) $ 0.229848
  • reserve-rights-tokenReserve Rights (RSR) $ 0.008146
  • dydx-chaindYdX (DYDX) $ 0.630884
  • deepDeepBook (DEEP) $ 0.189518
  • compound-governance-tokenCompound (COMP) $ 49.05
  • kavaKava (KAVA) $ 0.427189
  • 1inch1inch (1INCH) $ 0.330666
  • aioz-networkAIOZ Network (AIOZ) $ 0.387703
  • neoNEO (NEO) $ 6.44
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,435.94
  • ether-fiEther.fi (ETHFI) $ 1.21
  • elrond-erd-2MultiversX (EGLD) $ 15.59
  • apenftAPENFT (NFT) $ 0.00000045
  • eigenlayerEigenCloud (prev. EigenLayer) (EIGEN) $ 1.40
  • ecasheCash (XEC) $ 0.000022
  • zksyncZKsync (ZK) $ 0.058525
  • axie-infinityAxie Infinity (AXS) $ 2.54
  • dexeDeXe (DEXE) $ 7.28
  • swethSwell Ethereum (SWETH) $ 3,406.06
  • dog-go-to-the-moon-runeDog (Bitcoin) (DOG) $ 0.004130
  • hashnote-usycCircle USYC (USYC) $ 1.09
Altcoins

Poloniex exit leaves Ethereum stUSDT nearly abandoned

By admin
0 43

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 10934 posts 0 comments
You might also like More from author

Leave A Reply

Your email address will not be published.