Bubblemaps: Top five traders in STBL token trading volume are related to each other and make more than $10 million in profits

PANews reported on September 18 that blockchain analysis platform Bubblemaps posted on X platform that Tether co-founder Reeve Collins has just launched a new token STBL, but strangely, the top five traders are related to each other and have made more than $10 million in profits. Collins launched STBL yesterday, a new stablecoin system built around three tokens: USST (stablecoin), YLD (a revenue token that powers USST), and STBL (governance token). By looking at the top five traders in STBL trading volume, we found that these five big profiters received capital injections at the same time. Tracing the source of its funds, it was found that there was a clear correlation: the funds all came from the same source (this source was injected through Tornado Cash); using robots to borrow USDC from Venus Protocol; the total profit exceeded US$10 million. However, there is no evidence that these traders are associated with the core team, and in fact, this group of bots has a history of seizing value from other tokens, not just for STBL.