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Synthetix ecological stablecoin sUSD experienced a significant depegging in the early morning, possibly due to the withdrawal of large LPs

BlockBeats reported that on May 17, according to Coingecko data, the stablecoin sUSD minted by SNX pledged by the Synthetix ecosystem had depegged to around 0.925 in the early hours of this morning, and has now rebounded to 0.956 US dollars.

Chaos Labs, a blockchain security agency, analyzed that the reason for the depegging may be that large sBTC/wBTC liquidity providers suddenly withdrew liquidity, used Synthetix's spot synthetic redemption to obtain sUSD, and sold sUSD in the relevant Curve pool.

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Synthetix ecological stablecoin sUSD experienced a significant depegging in the early morning, possibly due to the withdrawal of large LPs

Binance SAFU wallet transferred out 7,500 BTC half an hour ago, possibly to replenish reserves for affected assets.

Galaxy Digital OTC transferred 47,000 HYPE, worth approximately $4.06 million, to OKX 4 hours ago.

An entity transferred approximately 1.223 million SOL to Coinbase Prime, valued at around $117 million.

A new address withdrew approximately $6 million worth of LIT, ENA, and ARB from OKX.