Stable's $825 million pre-deposit quota sold out in seconds, prompting community concerns about insider trading.

According to Odaily Planet Daily, after the stablecoin Layer 1 project Stable announced the first phase of its pre-deposit activity, the $825 million quota was sold out in seconds, triggering doubts in the community about its "insider trading" operations.

After verification, the official announcement was released at 9:10 Beijing time. On-chain data shows that the first deposit was made at 8:48 before the official announcement. It is roughly estimated that more than 70% of the deposits were deposited before the announcement was released.