Stablecoin, a public stablecoin chain launched by Tether, the parent company of USDT, and Bitfinex, was instantly flooded with $774.9 million in deposits within 10 seconds of the official Twitter announcement of the first phase of deposits. Several community members pointed out that large deposits had already flowed in before the official Twitter announcement, and the official Twitter announcement of the first phase of deposits was only made when less than 5% of the deposits remained. This is suspected to be insider trading or automated scientists.

Looking at the blockchain, I see quite a few single addresses depositing tens of millions of dollars. So, while not many people participated in this initial Stable deposit campaign, it was essentially all taken up by these large addresses. The biggest player personally deposited $100 million. Where do retail investors get $100 million?