↕ 18 significant moves detected
The journey of this coin since we detected it.
Latest news about DAI on PulseChain
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Emissions aren't the story here, whale wallets have been draining liquidity off PulseChain bridges for weeks and that's what's grinding this down, not some schedule.
Two consecutive drops of this size on a stablecoin derivative is not chop, that's a signal to cut exposure now and ask questions later.
A stablecoin derivative repricing toward its actual collateral backing isn't a signal to run, it's the mechanism working exactly as designed, and the people cutting now are just handing their position to someone more patient.
Waiting for a clean bounce to reload tbh
A "clean bounce" on a broken peg mechanism is just the algo resetting before the next leg down.
DAI on PulseChain dropping 7% is pretty rich for something that's supposed to hold a dollar, whoever was holding this "stablecoin" on a fork chain got a masterclass in why that prefix doesn't mean what you think it means.
When does the emissions schedule actually start eating into this thing?