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Why some people are saying Waves is a ponzi scheme Why some people are saying Waves is a ponzi scheme

Why some people are saying Waves is a ponzi scheme

Waves price fell from as high as over $60 to around $34 which led to the de-pegging of the Neutrino (USDN) to less than $1.

Why some people are saying Waves is a ponzi scheme

Cover art/illustration via CryptoSlate

Algorithmic stablecoin pegged to the US dollar, Neutrino has fallen by 15% from its peg and is now worth around 82 cents instead of a dollar.

Neutrino (USDN) is a top ten stablecoin in the market and is backed by Waves token.

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