Why did WAVES founder reportedly buy 5 million ‘cheap’ ex-stablecoin USDN
If you’re into crypto news that comes from beyond the top 20 coins, you might be familiar with the drama surrounding Waves [WAVES] and Neutrino USD [USDN]. In short, this involved the stablecoin USDN losing that status as it oozed value, while Waves founder Sasha Ivanov blamed Alameda Research for leading a FUD campaign against the flailing WAVES.
FTX CEO Sam Bankman-Fried rubbished these claims, but now that the waters have settled (a little), let’s take a look at what’s going on in the WAVES community.
On 6 April, Ivanov claimed that he had bought five million USDN. The ex-stablecoin, which fell down to $0.78 at one point, was trading at $0.9131 close to press time.
<p lang=«en» dir=«ltr» xml:lang=«en»>Today I:– Ran 5 miles – Wrote 1000 messages – Bought 5 mil cheap $USDN – Came up with a new idea for #wavesdao – had a coffee
Now off to buy more cheap $USDN
— Sasha Ivanov
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