Yala stablecoin YU once fell to $0.2074, and has now returned to its anchor

Odaily Planet Daily News According to DEX Screener, the Yala stablecoin YU, invested by Polychain, has been decoupled to UTC+8 at 5:14 today, falling to $0.2074 at one point and has rebounded to $0.923. Additionally, there is only $1,450 in USDC liquidity in YU/USDC LP in Uniswap on Ethereum. The data on the chain shows that a suspicious address: 0x29…74F5 cast 10 million YUs from the Null address at 4:10-4:13 UTC+8 today, and redeemed 5.213 million YUs into 5.213 million USDC through Yala PSM; the address then bought 5.213 million USDC and spread 10.1 ETH to dozens of addresses according to each address.