The USDC stability faltered after some of Circle’s reserves remained in the bankrupt Silicon Valley Bank. Meanwhile, a careless user bought 0.05 USDT for $2 million worth of payments.
Social media user using on-chain data BowTiedPickle highlighted the notable transactions. TSI last night USDC with the deterioration of the dollar stability in a panic A user who makes a transaction, as a result of his swap transaction 0.05 USDT for approx. $2 million worth of 3CRV (DAI, USDC,USDT) paid.
Combining many different token swap applications KyberSwap The user transacting via the 3CRV liquidity pool was exposed to this unfortunate situation while trying to trade USDT. The main reason for this situation experienced by the user is the current panic. slippage settings It is thought to be caused by ignoring and taking action.
On the other hand, in the same time MEV (Maximal extractable value) boot 1.45 USDT in return 2 million USDC received attention. The bot, which is activated to ensure the liquidity balance in the pool, $45 transaction fee And 39 thousand dollars MEV identification fee by paying $2 million profit achieved.
These two transactions were not directly against each other, but against a low-liquidity fund pool. BowTiedPickle the transaction in question. unused for 251 days He emphasized that it was sent to a low liquidity pool.