Bitcoin24h $111,585.71-0.16%

Ethereum24h $4,057.84-0.97%

BNB24h $1,187.28+0.65%

XRP24h $2.46-1.91%

Solana24h $197.50-2.86%

TRON24h $0.3227+1.58%

Dogecoin24h $0.2002-0.83%

Cardano24h $0.6802-1.47%

Hyperliquid24h $39.39-0.85%

Chainlink24h $18.51-0.92%

CHART: Almost every new Poloniex listing is a memecoin

Of Poloniex’s last 100 listings, 94 of them are so-called ‘memecoins,’ many of questionable quality or legality.

Poloniex exit leaves Ethereum stUSDT nearly abandoned

Poloniex has withdrawn from Staked USDT (stUSDT) on Ethereum, vastly dropping the utilization of the protocol.

Poloniex has a page on its website titled ‘Proof of Reserves,’ but this only shows how much Tron is on the platform.

The WBTC/BTC pair looks to have been removed from Poloniex completely, and the WBTC/USDT pair states, “Currently trading is disabled.”

Sun’s USDD is meant to stay priced at a dollar via a series of algorithmic mechanisms but it’s deviated 3% and currently trades for $0.97.