Your social media account was hacked, and you posted a non-existent cooperation message, which resulted in a 30% surge in the price of a currency! This is not a movie plot, this is a real story in the cryptocurrency world! Vivek Ramaswamy, co-leader of the US government's efficiency department DOGE, encountered such an "adventure" on his X platform account.
😱 Breaking news! Last night, Vivek Ramaswamy's account was hacked and he posted a false statement claiming that the DOGE department had reached a cooperation with USUAL. This statement instantly ignited the enthusiasm of the market, and the price of USUAL rose accordingly. But just when everyone was cheering, James Fishback, CEO of Azoria Partners, poured cold water on it, refuting the rumor that Vivek's account was hacked and the cooperation statement was fake!
🤔 But guess what? Despite the timely release of the rumor-refuting statement, the price of USUAL has skyrocketed! At 2pm today, it even hit a new all-time high, with the highest daily increase of more than 30%! It's like the market is saying, "Who cares if it's true or not, let's see if it goes up!"
So, what is this USUAL? It is a stablecoin protocol. The USD0 launched is a permissionless and fully compliant stablecoin that is 1:1 backed by real-world assets. USUAL is its governance token, allowing the community to guide the future development of the network.
🚀 Here comes the in-depth analysis! Although the news of this cooperation is fake, the price of USUAL has actually risen. This may reflect the market's optimism about the stablecoin protocol and its expectations for the future development of USUAL. In addition, USUAL has recently established cooperation with Ethena and Securitize and launched the "Stablecoin Holy Triangle" strategy, which further strengthened the market's confidence.
Therefore, sometimes in the cryptocurrency world, the truth may not be important, what is important is the market sentiment and expectations. Just like this time, a piece of false news can also trigger a price frenzy! But don’t forget that the market is risky, so be cautious when investing!
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The above content is for information sharing only and does not constitute any investment advice! Investment is risky, so be cautious when entering the market!
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