CandleFocus $20 Billion Mirage: Ethereum Projects Treasuries on Shaky Ground
2024-09-12
Author: Content Editor
This news content highlights the issue of Ethereum-based projects relying on volatile or illiquid tokens for their treasuries. It specifically focuses on Luna, a project that faced problems when its stablecoin's value dropped due to the backing tokens losing their value. The article warns that projects dependent on their own tokens for valuation may face similar issues and emphasizes the lack of stability and liquidity in these projects. It suggests that the treasuries of such projects could lose their value in a market downturn, making them financially insecure.
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