[Blockchain Analysis Reveals Correlation Among STBL Token Traders and Profits Exceeding $10 Million]
Blockchain analysis platform Bubblemaps published a report on the X platform stating that trading activities of the new token STBL, launched by Tether co-founder Reeve Collins, exhibit anomalies. STBL is a new stablecoin system built on AmericaT (stablecoin), YLD (yield token), and STBL (governance token). However, data shows a clear correlation among the top five STBL traders by trading volume, who have collectively profited over $10 million through capital injections and bot operations. The source of funds was traced back to Tornado Cash and borrowed USDC via the Venus Protocol. Although there is no evidence linking these traders to the STBL core team, the analysis indicates that this group of bots has carried out similar operations with other tokens, suggesting their behavior is not exclusive to STBL.
