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STBL Token Plunges 80% Amid Insider Trading Allegations and Stablecoin Crisis

STBL Token Plunges 80% Amid Insider Trading Allegations and Stablecoin Crisis

Author:

Global Cryptocurrency

Published:

2025-10-20 14:45:01

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BTCCSquare news:

The STBL governance token, central to a "Stablecoin 2.0" protocol co-founded by Tether's Reeve Collins, collapsed 80% from its September 2025 peak of $0.60 to $0.08, wiping out retail investors as blockchain sleuths uncovered $10 million in coordinated trades linked to Tornado Cash-obscured wallets.

Bubblemaps' forensic analysis revealed five interconnected addresses executed bot-driven maneuvers—borrowing USDC from Venus Protocol before timing trades during STBL's volatile launch phase, fueling suspicions of insider advantage-taking.

Market confidence eroded further as the project's USST stablecoin depegged in October, compounding scrutiny over whether privileged information enabled selective profiteering during the token's ill-fated debut.

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