USX Briefly Collapses on Solana After Liquidity Drain
Solana stablecoin USX saw sharp price swings from low liquidity, then stabilized following market maker action. A sharp price swing drew attention across Solana markets after USX lost its dollar peg. The stablecoin traded far below one dollar on some venues within minutes. Data showed thin liquidity and rapid selling across decentralized exchanges. The event...
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