Ethena USDe depeg before April?

cryptoResolved

No, settled Apr 1, 2025 UTC

Yes

0.0%

100.0%

Final Yes 0¢Final No 100¢

Lifetime volume

$219.1K

Resolved

Settled

Apr 1, 2025 UTC

Where it stands

Resolved No on 1 Apr 2025.

The last daily price before settlement had No at 100%. Yes opened at 5.5% on 22 Feb 2025. Before it settled, across the 39 daily closes on record from 22 Feb 2025 to 1 Apr 2025, the highest close was 5.5% on 22 Feb 2025 and the lowest 0.1% on 1 Apr 2025. $219.07K traded over the market's life.

33 wallets still hold shares. Winners redeem theirs after settlement, so what is left is mostly the losing side.

Polymarket record as of Apr 2, 2:32 AM UTC

Price historyPrice history from Polymarket's order book

Daily closes of the Yes price, Polymarket CLOB, 39 points, 22 Feb 2025 – 1 Apr 2025, chart shows 0%–10%

Yes price, first and latest
Observed	Yes price
22 Feb 2025	5.5%
1 Apr 2025	0.1%

Holders left after settlement

Winners have redeemed their shares, so most of what is left is the losing side.

Trader	Outcome	Shares
KimbalMusk	Yes	4.41K
mWbolNROFo	Yes	336.99
GfpfkhUJxP	Yes	300.39
KkJcRVvQZj	Yes	284

10 of 33 listed holders. Polymarket publishes up to 500 per outcome; the Holders tab has them all.

Read the record behind the trader

Open a trader’s name to inspect the wallet’s available P&L, positions and recorded trades, with source dates and coverage. A large position alone does not establish a winning track record.

Rules

How this market was settled

This market will resolve to “Yes” immediately if all CoinGeko 30 minute candles for Ethena USDe-USD for any 24 hour period are below 98 cents, for candles between 21 Feb '25 00:00 and 1 April '25 00:00 in the ET timezone. Otherwise, this market will resolve to “No”. Below 98 cents means all candles in the period have a final “High” price below 0.98000 (i.e. 0.97999 or lower). A 24h period of USDe below 98 cents that starts on the last day in March will count. The resolution source for this market is the USDe-USD “High” prices currently available at https://www.coingecko.com/en/coins/ethena-usde with "24h" and “Candles” selected on the top bar. To see the “High” prices, mouse over particular candles and look at the value after “H” at the top of the chart. Please note that this market is about the price according to CoinGeko USDe-USD. If CoinGeko stops having the necessary USDe information to resolve this market, a consensus of credible sources for whether USDe was below 98 cents for 24h+ may be used to resolve this market.