{"id":226533,"date":"2022-04-07T02:00:21","date_gmt":"2022-04-06T20:30:21","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=226533"},"modified":"2022-04-06T20:39:27","modified_gmt":"2022-04-06T15:09:27","slug":"why-did-waves-founder-reportedly-buy-5-million-cheap-ex-stablecoin-usdn","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/why-did-waves-founder-reportedly-buy-5-million-cheap-ex-stablecoin-usdn\/","title":{"rendered":"Why did WAVES founder reportedly buy 5 million ‘cheap’ ex-stablecoin USDN"},"content":{"rendered":"

If you’re into crypto news that comes from beyond the top 20 coins, you might be familiar with the drama<\/a> surrounding Waves [WAVES] and Neutrino USD [USDN]. In short, this involved the stablecoin USDN losing that status as it oozed value, while Waves founder Sasha Ivanov blamed Alameda Research<\/a> for leading a FUD campaign against the flailing WAVES.<\/p>\n

FTX CEO Sam Bankman-Fried rubbished<\/a> these claims, but now that the waters have settled (a little), let’s take a look at what’s going on in the WAVES community.<\/p>\n

Waving goodbye to the past<\/h3>\n

On 6 April, Ivanov claimed that he had bought five million USDN. The ex-stablecoin, which fell down to $0.78 at one point, was trading at $0.9131 close to press time.<\/p>\n

\n

Today I:<\/p>\n

– Ran 5 miles
– Wrote 1000 messages
– Bought 5 mil cheap $USDN<\/a>
– Came up with a new idea for #wavesdao<\/a>
– had a coffee <\/p>\n

Now off to buy more cheap $USDN<\/a><\/p>\n

— Sasha.waves (@sasha35625) April 6, 2022<\/a><\/p><\/blockquote>\n