{"id":40229,"date":"2024-10-26T15:10:50","date_gmt":"2024-10-26T15:10:50","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/stablecoin-plunges-98-in-24-hours-sparks-rug-pull-allegations\/"},"modified":"2024-10-26T15:10:50","modified_gmt":"2024-10-26T15:10:50","slug":"stablecoin-plunges-98-in-24-hours-sparks-rug-pull-allegations","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/stablecoin-plunges-98-in-24-hours-sparks-rug-pull-allegations\/","title":{"rendered":"Stablecoin Plunges 98% in 24 Hours, Sparks Rug Pull Allegations"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<br \/>Early on Oct. 26, the U.S. dollar value of Essence Finance&#8217;s decentralized stablecoin, CHI, plunged by more than 90% after rumors emerged that more than $20 million of collateral had been removed. According to Geckoterminal data, the value of the stablecoin, which normally trades at par with the U.S. dollar, dropped by nearly 98% to [&#8230;]<br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/stablecoin-plunges-98-in-24-hours-sparks-rug-pull-allegations\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Early on Oct. 26, the U.S. dollar value of Essence Finance&#8217;s decentralized stablecoin, CHI, plunged by more than 90% after rumors emerged that more than $20 million of collateral had been removed. According to Geckoterminal data, the value of the stablecoin, which normally trades at par with the [&hellip;]<\/p>\n","protected":false},"author":23,"featured_media":40230,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/40229"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=40229"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/40229\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/40230"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=40229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=40229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=40229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}