Tiny Euro-Pegged Stablecoin Surges 200% on Binance Before Exchange Halts Trading Due to 'Abnormal Volatility'
Briefly

from Coindesk5 months ago
The AEUR-USDT pair was trading at around $1.08 for the most part of the day, roughly in line with the EUR-USD exchange rate at the time, Binance trading data shows.
Coindeskhttps://www.coindesk.com/markets/2023/12/05/tiny-euro-pegged-stablecoin-surges-200-on-binance-before-exchange-halts-trading-due-to-abnormal-volatility/
The token's order book - aggregating traders' buy and sell orders - on Binance shows that the last trade was executed at 18:31 UTC at around $2.89, still 167% higher than its intended value.
Coindeskhttps://www.coindesk.com/markets/2023/12/05/tiny-euro-pegged-stablecoin-surges-200-on-binance-before-exchange-halts-trading-due-to-abnormal-volatility/
Read at Coindesk
#AEUR stablecoin #Binance #price volatility #low market cap #stablecoins
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