2025.8.28 On-Chain Vision

#USDUT Now 800K

Narrative

Full name: “unstable tether,” its narrative mainly revolves around the satire and reversal of stablecoins (such as #USDT), emphasizing that “stablecoins don't make you rich unless they're unstable.”

Core Narrative

#USDUT ’s satire and reversal of #USDT: $USDUT directly plays with the name of Tether (USDT), renaming it to “unstable tether,” mocking the “stable” attribute of traditional stablecoins as often being an illusion in the crypto market, especially in a highly volatile environment.

The core of the narrative is: real wealth opportunities come from market instability, not from the so-called “safety” of being pegged to the dollar. This reflects the degen community's preference for DeFi and meme coins—pursuing high risk and high returns rather than low volatility.

Dynamics

Price Performance: 24H increase of 811%, with a very exaggerated short-term rise.

Trading Activity: Total number of trades 69,044, showing extreme market activity.

Trading Volume: Total amount approximately $6.7 million, with buy and sell balanced at about $3.3 million each.

Participants: Buyers 18,094, Sellers 15,188, with slightly more buyers, dominating.

Market Makers: There are 21,784 orders participating in matchmaking.