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<h3>Fireline Report</h3>
<p>The second round of Stable's pre-deposit pool will open next week, with a 24-hour countdown. There are dual restrictions on the total amount and the amount per wallet, and KYC is required. Competition for the quota is expected to be fierce.</p>
<h3>Trading Guide</h3>
<p>Event-driven, it is recommended to wait for the opening time of the quota. Once the quota is sold out, it will be gone. If you fail KYC or are slow to act, the quota will be invalid. Scientists with multiple numbers have high risks.</p>
<p style="margin-top: 20px; text-align: left; opacity: 0.4; padding: 0 42px"><small>Updated at 10-30 05:16</small><br><small>AI-generated summary, not investment advice</small></p></div>

<h1>STABLE Second Round Pre-deposit Pool: Full Analysis of Limits and KYC Upgrades</h1><h2> TL;DR</h2><p> Stable plans to launch its second pre-deposit pool next week (at the latest, early November). Unlike the first round, which filled 825 million USDT instantly to 274 addresses, this round will...</p><ol><li> Introducing dual restrictions: a maximum deposit limit for a single wallet and a total deposit limit;</li><li> The wallet is required to complete KYC/identity verification;</li><li> The countdown window will be announced 24 hours in advance.<br /> The official goal is to expand the number of participants to thousands of addresses and significantly reduce whale concentration, but the community remains cautious and even skeptical about the effectiveness of the implementation.</li></ol><hr /><h2> Core Analysis</h2><h3> 1. Activity Overview and Key Parameters</h3><table><thead><tr><th> Dimension</th><th> Round 1 (October 24, 2025)</th><th> The second round (expected in early November 2025)</th><th> Change point</th></tr></thead><tbody><tr><td> How to open</td><td> Opened without prior notice; sold out in 22 minutes</td><td> Open after 24-hour countdown</td><td> Improve transparency</td></tr><tr><td> Single wallet limit</td><td> none</td><td> Strict upper limit (amount to be determined)</td><td> Suppress whales</td></tr><tr><td> KYC Requirements</td><td> none</td><td> Mandatory KYC/Single Wallet Verification</td><td> Sybil protection</td></tr><tr><td> Total amount</td><td> 825 million USDT</td><td> Fixed but not disclosed</td><td> It may still sell out quickly.</td></tr><tr><td> Participation Address</td><td> 274</td><td> The target is &quot;thousands&quot;.</td><td> Decentralization</td></tr></tbody></table><p> Information source: Official tweets and Chinese industry news updates. <a href="https://www.wublock123.com/index.php?m=content&amp;c=index&amp;a=show&amp;catid=6&amp;id=50972">wublock123</a></p><h3> 2. Details of the three &quot;difficulty increases&quot;</h3><ol><li><p> <strong>Single wallet limit</strong></p><ul><li> In the first round, the largest single deposit from a single address <strong>was 101 million USDT</strong> , with the top 10 addresses accounting for 65% of the total.</li><li> The second round will have a &quot;strict cap,&quot; with no official figure yet given, but the community generally expects it to be ≤10 million US dollars.</li></ul></li><li><p> <strong>KYC/Authentication</strong></p><ul><li> Deposits must be submitted using a &quot;main wallet&quot; that has passed KYC verification, in order to prevent multiple wallets from accumulating credit limits.</li><li> It increases compliance signals for traditional financial users, but reduces the ease of anonymous retail participation.</li></ul></li><li><p> <strong>24-hour countdown</strong></p><ul><li> The official promise is to release a countdown on X before the pool opens, giving retail users time to prepare.</li><li> This helps reduce the &quot;preemptive&quot; space for robots to listen to the mempool.</li></ul></li></ol><p> The official tweet on October 24th emphasized fairness and partner support. <a href="https://x.com/ConcreteXYZ/status/1981528785225666709">(ConcreteXYZ)</a></p><h3> 3. On-chain data comparison: Whales vs. Retail</h3><p> The first round of on-chain scanning (ctStableUSDT contract) shows:</p><ul><li> <strong>Total deposits</strong> are approximately $775 million, close to the official limit of $825 million.</li><li> <strong>Number of addresses:</strong> 274; <strong>Gini coefficient:</strong> ≈ 0.85 (extremely concentrated).</li><li> The <strong>top 10</strong> addresses account for <strong>approximately 65%</strong> ; the largest single transaction by a single address was 101 million USDT.<br /> Widely circulated on-chain screenshots and analyses in the community corroborate the claim that &quot;a whale had deposited 500 million USDT 23 minutes before the announcement&quot; <a href="https://x.com/CryptoTeluguO/status/1981613775523651779">(CryptoTeluguO</a> ).</li></ul><p> As of the early morning of October 30, no coins had been minted in the second round, which was considered to indicate that the quota and KYC queuing mechanism had been activated; it is unlikely that the scene of whale filling up the quota in an instant will be repeated in the short term.</p><h3> 4. Social Emotions and Controversy</h3><table><thead><tr><th> Opinion</th><th> Representative account/argument</th><th> Credibility</th></tr></thead><tbody><tr><td> <strong>Official/Bull Market Commentary</strong> : Quota Limits + KYC Will Bring &quot;Greater Fairness&quot;</td><td> @stable / @ConcreteXYZ</td><td> The propaganda direction remains unclear, and the details are still vague.</td></tr><tr><td> <strong>Cautious Long Positions</strong> : Given the project&#39;s size and backing by Bitfinex &amp; Tether, small-scale attempts are still worthwhile.</td><td> @lsp8940</td><td> middle</td></tr><tr><td> <strong>Short sellers/questioning</strong> : The rule of not applying it back to the first round is insufficient to eliminate the impact of &quot;insider&quot; interference.</td><td> @OlimpioCrypto</td><td> high</td></tr><tr><td> <strong>Data analysis</strong> : On-chain evidence shows that 62% of the quota was snapped up by 10 wallets.</td><td> @lookonchain</td><td> high</td></tr></tbody></table><h3> 5. Key Timeline</h3><table><thead><tr><th> Time (UTC)</th><th> event</th><th> illustrate</th><th> X tweet</th></tr></thead><tbody><tr><td> 2025-10-24 01:10</td><td> Stable announces the start of the first round.</td><td> Official Announcement &amp; List of Partners</td><td> <a href="https://x.com/stable/status/1981528800572944560">x.com</a></td></tr><tr><td> 2025-10-24 00:48</td><td> The largest whale has 101 million USDT in deposits.</td><td> It occurred 22 minutes before the announcement.</td><td> <a href="https://x.com/lookonchain/status/1981549921686999409">x.com</a></td></tr><tr><td> 2025-10-24 06:48</td><td> Community questions upfront deposits</td><td> Statistics show that 62% of wallets are from 10 different wallets.</td><td> <a href="https://x.com/CryptoTeluguO/status/1981613775523651779">x.com</a></td></tr><tr><td> 2025-10-29</td><td> The official announcement states that the second round will begin next week.</td><td> Enable countdown, limit, and KYC</td><td> <em>(Official countdown tweet)</em></td></tr></tbody></table><hr /><h2> Participation suggestions and risk warnings</h2><ul><li> <strong>Preparation for securing quota</strong> : Complete identity verification in advance and prepare sufficient USDT, and trade as soon as possible after the countdown is announced.</li><li> <strong>Fund lock-up period</strong> : The pre-deposited funds will be locked until the mainnet launch + TGE, and liquidity costs need to be considered.</li><li> <strong>Compliance constraints</strong> : KYC data exposes one&#39;s true identity, requiring a balance between privacy and benefits.</li><li> <strong>Whales may not be able to completely avoid risks</strong> : capital strength can still be dispersed through multiple entities, and the risk of concentration should be guarded against.</li></ul><hr /><h2> in conclusion</h2><p> The limits and KYC mechanism of the second round of pre-deposit pools have indeed increased the barrier to entry and operational complexity for ordinary users, but they also have the potential to alleviate the whale exclusivity and insider trading controversies that arose in the first round. If the official team can strictly enforce the single wallet limit and publish real-time allocation data, Stable has the opportunity to restore community trust; otherwise, the participation structure may still be skewed towards those with capital and technical strength. Retail investors should assess the lock-up period, identity compliance, and potential returns before deciding whether to participate.</p>
