Around #STABLE , negativity is intensifying
Reasons:
• Insiders were able to make deposits even before the public announcement.
• Almost the entire token sale is distributed among internal participants: VC, team, pre-deposits, and even a large part of the airdrop.
• Lack of community building: no public ICOs or transparent distribution stages.
• L1 without innovations — the network simply takes fees at #USDT , while $STABLE has neither burning nor deflationary model.
• Documentation looks superficial: among the "key features" are listed things like the new EIP-7702, which has no relation to their own uniqueness.
• The new CEO, Brian Mehler, is virtually unknown to the crypto community; the previous CEO and creator of Stable announced a Seed-sale in July, after which he stepped back into an advisory role.
• The launch of the network and TGE is 5 months after the announcement of the seed round — too fast a cycle.
• Comparison with #Plasma 2.0: similar hype → further fading.
The project raises many questions, especially against the backdrop of the listing on #Binance and the token distribution structure.
$STABLE
$4
