You are wondering this one: Why did it go down so much? Well, we explained this part already, in a previous idea. But basically, it is a ponzi scheme unraveling at the moment. Their USDN token is off of the peg, which means they are forced to sell WAVES to arbitrage this loss of the peg. The waves selling pressure has caused massive movements down, because there is not enough buying to absorb it.

What will happen next? Well, USDN is *STILL* off it’s peg, and unless the Waves team does something soon, we could see Waves go to zero or even below zero if it pulls an oil . I personally will only buy Waves for no more than $-1, negative 1 dollar. Thanks for playing, and I hope you learned.