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Trader Eugene: Has built a position in XPL, believes the stablecoin narrative will not fail in the short term.
On October 1st, trader Eugene Ng Ah Sio posted on his personal channel stating that he has built a position in XPL—mainstream institutions are entering the market, and he believes that the narrative around the most sought-after stablecoin will not become invalid within a week of its launch. He hopes that the price deviation below $1 is just a temporary phenomenon, and that market momentum can return to this currently hottest asset.