TrueUSD

<ul><li>TUSD&#39;s devaluation reflects the impact of major holder sell-offs, underscoring crypto&#39;s sensitivity to large-scale actions.</li><li>Zhao’s Binance exit and negative press around Tron highlight how leadership changes and reputational issues can destabilize cryptocurrencies.</li><li>The TUSD case exemplifies the rapid shift from stability to volatility in crypto, cautioning investors about market unpredictability.</li></ul>In recent financial news by Santiment, a prominent blockchain figure, the <a href="https://cryptotale.org/?s&#61;TrueUSD" rel="noopener noreferrer nofollow">TrueUSD</a> (TUSD) stablecoin, once a hallmark of stability in the volatile crypto market, has faced significant challenges. This downward trend has raised concerns among investors and analysts alike. The primary factor behind this instability appears to be the collective action of the top 100 TUSD wallets.These major holders have decreased their holdings by a staggering 27.8%, equating to a sell-off of approximately $181 million. This mass liquidation has played a pivotal role in TUSD&#39;s devaluation.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/f61e20dd866744ac9400147c24f2b11b.png" />Concurrently, Changpeng Zhao, the influential CEO of Binance, <a href="https://www.bloomberg.com/news/articles/2023-11-21/changpeng-zhao-to-step-down-as-ceo-of-binance-exchange-wsj-says" rel="noopener noreferrer nofollow">stepped down</a>, shocking the entire crypto space. His departure has sent ripples across the market, notably affecting TUSD&#39;s stability. Zhao&#39;s exit has been a catalyst for traders to reassess their positions, leading to a significant liquidation of TUSD holdings.This exodus has been a key factor in the depegging of TUSD from its intended 1:1 value with the US dollar. As a result, TUSD has struggled to maintain its peg, dropping to a low of $0.995.Read full article at<a href="https://cryptotale.org/?p&#61;28198&amp;preview&#61;true&amp;_thumbnail_id&#61;28199" rel="noopener noreferrer nofollow"> CryptoTale.</a>

TrueUSD's Downfall: How Top Wallets' Sell-Off and CZ's Exit Shook Crypto Stability

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