๐ $STABLE just launched โ here's my quick take:
What is it? A Layer 1 chain built specifically for stablecoin payments, backed by Tether & Bitfinex. The unique twist? USDT is used for gas โ no volatile token needed for fees. PayPal Ventures also joined the $28M seed round (~$300M valuation).
๐ Tokenomics (100B supply):
- 40% ecosystem/dev grants (vests 3 yrs)
- 25% team + 25% investors (4-yr vest, 1-yr cliff)
- 10% genesis โ fully unlocked at launch
โ ๏ธ Launch day reality check:
Price spiked to ~$0.044 this morning, now sitting around $0.02 (-50%+ in hours). Classic TGE volatility. 24h volume on BSC alone: $1.5M+.
On-chain signals:
- ๐ด $4.8M net outflow from exchanges (people withdrawing = accumulation bias)
- ๐ก Top PnL wallets showing $521K inflow โ cautious interest, not FOMO
๐ญ Sentiment: Polymarket gave 85%+ odds of >$2B FDV post-launch. Hype is real, but the dump from ATH shows early sellers taking profits fast.
Worth aping?
- โ Strong backing (Tether ecosystem), unique gas model
- โ ๏ธ 10% unlocked at TGE = selling pressure
- ๐ฐ High risk, high reward โ this is NOT a stablecoin, it's a governance token
My take: Interesting thesis, heavy backers, but I'd wait for price discovery to settle. If you're playing, size small and set stops.
