Hi HODLers,
Yesterday I wrote an article "UST PEG under pressure" highlighting the $UST PEG being under pressure due to a confluence of events.
Today, let's be honest: This has been a shit show!
UST Price Chart
$LUNA is being sold off to hold PEG
If you want the current update and some theories on who might be behind the UST attack, please take some time to read my friend @mistakili's article Thoughts on Do Kwon deploying more capital to prop up UST 🧐.
I am not going to paraphrase it and as pressure is mounting on stablecoins and especially decentralized ones, I was thinking about our beautiful HBD!
The PEG has also been hit but we touched $0.90-$0.91 at the lowest point. We have since bounced back to $0.96+!
HBD Price Chart
Below are CEXs where you can get $HBD and try to aribtrage it:
The DHF is probably helping out with Buys understanding that there might be some additional pressure on PEG due to the UST issue.
Stay safe out there,
Latest Analysis
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