🚨 Attention Buddies Now $FRAX just dumped 💥 hard and the stablecoin faithful are feeling that gut punch right now ✨📉
Chart's flashing red alerts — down big in the last 24 hours (we're seeing -14%+ swings on some trackers, dipping below that sacred $1 peg to lows around $0.85-0.99 depending on the exchange). Volume's spiking, but it's mostly sellers rushing for the exits or arbs trying to catch the depeg chaos. $FRAX , the OG fractional-algorithmic stablecoin that used to flex with its hybrid model and FXS governance vibes, suddenly looking shaky again.
Remember the hype eras? When FRAX was innovating hard — over-collateralized, then shifting to more stable setups, integrations everywhere, even that wild token swap/merger drama with FXS turning into the new FRAX narrative. The community was all in on the Frax ecosystem, Frax Finance building, yield farming, the whole DeFi dream. Now? Feels like the momentum crashed overnight — maybe profit-taking after recent pumps/listings, broader market bleed, or just old ghosts of algo-stable risks resurfacing. Whatever the trigger, that peg wobble hits differently when it's supposed to be "stable."
Still believing in the Frax comeback? Or calling this the beginning of the end for this chapter? Spill the raw feels below 👇 Crying emojis for the depegged souls, diamond hands for the believers 😭💎
#FRAX #FRAXUSDT #FraxCoin #FRAXAnalysis #SouthKoreaSeizedBTCLoss
