Stablecoin Development Corp goes boom then bust
Photo: Protos
Stablecoin Development Corp (SDEV), a company that’s designed to essentially hold and stake governance token SKY, has seen its stock price rocket nearly 1,000% — and subsequently plummet 92% — in a matter of weeks. Protos previously reported on SDEV and it’s subsequent almost tenfold increase in price, but since then the price has collapsed to under $0.90, with a current market cap of $45 million. At the same time, a Substack going by Fugazi Research released an article questioning the foundations of Stablecoin Development Corp — including upcoming warrants that would dilute retail shareholders and flood the market with…
Source: Protos
