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Bubblemaps: The top five traders by STBL Token volume are interconnected and have made over $10 million in profits.

2025-09-18 02:10:10

STBL-1.92%

PANews reported on September 18 that the blockchain analysis platform Bubblemaps stated on platform X that Tether co-founder Reeve Collins has just launched a new token STBL. However, it is strange that the top five traders are interconnected and have made profits exceeding $10 million. Collins launched STBL yesterday, which is a new stablecoin system built around three tokens: USST (stablecoin), YLD (yield token supporting USST), and STBL (governance token). By looking at the top five traders by STBL volume, it was found that these five major profit-makers received capital injections at the same time. Tracing the source of their funds revealed a clear connection: the funds all came from the same source (which injected funds through Tornado Cash); they borrowed USDC from the Venus Protocol using Bots; total profits exceeded $10 million. However, there is no evidence to suggest that these traders are connected to the core team, in fact, this group of Bots has a history of extracting value from other tokens, not just targeting STBL.

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