A so-called "delta-neutral synthetic stablecoin" just crashed hard. $USDX lost nearly half its value in hours — plummeting 49% to a shocking $0.44 on $CAKE.



What went wrong with the peg mechanism? Will it claw back to $1, or are we watching a project spiral into irrelevance? The charts don't look promising right now.
CAKE-0,95%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Repost
  • Share
Comment
Add a comment
Add a comment
SolidityJestervip
· 2025-11-09 02:03
This garbage coin will drop to zero sooner or later.
View OriginalReply0
GovernancePretendervip
· 2025-11-08 10:13
Another dead coin has cooled off.
View OriginalReply0
SigmaValidatorvip
· 2025-11-07 09:21
Another Ponzi scheme has collapsed.
View OriginalReply0
gas_fee_traumavip
· 2025-11-07 09:21
Fall so badly that it feels like losing half a life in a day.
View OriginalReply0
NFTBlackHolevip
· 2025-11-07 09:15
Another wallet drop to zero player
View OriginalReply0
GasFeeCriervip
· 2025-11-07 09:07
Another shitcoin
View OriginalReply0
MEV_Whisperervip
· 2025-11-07 09:06
Another dead stablecoin
View OriginalReply0
NFTregrettervip
· 2025-11-07 09:03
Died a tragic death, all is over.
View OriginalReply0
  • Pin