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Tether Co-Founder's STBL Scheme Reeks of Insider Trading – I'm Not Buying This BS
I've been watching Reeve Collins since his Tether days, and his latest stunt with STBL has me fuming. Yesterday, this supposed "innovator" launched yet another stablecoin system with three tokens: USST, YLD, and STBL. But let me tell you what's really going on behind the scenes.
After digging into the trading patterns, I discovered something fishy as hell. The top five STBL traders aren't just random whales - they're clearly connected! All receiving funding at the exact same time? Come on. When I followed the money trail, it became painfully obvious these traders were using the same source that funneled cash through Tornado Cash (classic money laundering move).
What's worse, they're using bots to borrow USDC from Venus Protocol and have already pocketed over $10 million in profits. This isn't innovation - it's a well-orchestrated pump scheme right under our noses!
I've seen this pattern too many times in crypto. Big name launches token, connected insiders front-run retail investors, and regular folks get left holding the bag. Collins might have crypto cred from creating Tether, but this STBL setup looks like the same old insider game with new packaging.
The 14% price jump just makes it more suspicious. They're creating artificial momentum to lure in unsuspecting traders while their buddies cash out their millions.
Don't be fooled by the fancy "governance token" language. When whales coordinate like this, retail always loses. I'm staying far away from this one and suggest you do too.