Data: The top five STBL traders are connected and have made profits exceeding $10 million

On September 18, according to on-chain data analysis firm Bubblemaps, the top five traders by trading volume of the new token STBL, launched yesterday by Tether co-founder Reeve Collins, are connected and have collectively profited over $10 million. The investigation shows that the top five profitable STBL traders received funding at exactly the same time, which was 1 year and 187 days ago. Tracking the source of funds reveals that these addresses were supported by a single funding source, which obtained funds through Tornado Cash and then used bots to borrow USDC from Venus Protocol, with total profits exceeding $10 million. Bubblemaps stated that there is currently no evidence that these traders are associated with the core team, and this bot organization has previously extracted value from other tokens as well.