Token Experiences Sharp Decline After Mainnet Debut
STABLE, the native token of the Stable network, began a significant price drop on the first day following its mainnet launch. The token's value declined almost immediately after its debut, reaching an all-time low of $0.015, representing a decrease of over 50% in the preceding 24 hours.
The token's performance also shows a decline of over 70% from its Initial DEX Offering (IDO) price. Despite the success of its token sale, which raised a total of $28 million across eight funding rounds, the Stable project now faces the challenge of demonstrating its post-IDO performance in the open market.
Tokenomics and Initial Market Reception
The newly launched STABLE token entered the market with a circulating supply of 18 billion and a total supply cap of 100 billion, with expectations of further unlocks and inflows in the coming years. The project's tokenomics indicate that the team, early investors, and advisors collectively hold 50% of the supply, with only 10% allocated to public distribution. This structure resulted in STABLE launching as a low-fully diluted valuation (FDV) asset, contributing to market skepticism regarding its future performance.
Concerns have also been raised about the potential for whales to farm the 40% community supply, potentially claiming incentives first. As of December 9, STABLE had approximately 1,200 holders on the BNB Smart Chain, with multiple connected wallet clusters identified through Bubblemaps data.
Limited Mindshare and Early Trading Activity
STABLE is currently in a price discovery phase, with trading primarily occurring on platforms including Bybit, Gate, MEXC, and KuCoin. The token's mindshare within the community is still developing and remains minimal compared to other recent project launches.
Data from Messari indicates a 126% increase in STABLE-related discussions on social media; however, overall influencer engagement remains low. Community feedback highlights potential risks associated with newly launched tokens, which often experience underperformance. Early analysis suggests that initial STABLE buyers may be focused on short-term trading opportunities.
The STABLE token generation event has drawn comparisons to other significant launches in 2025. While some assets, such as TAO, benefited from extended bull market periods, others, like STABLE, have launched during times of lower market enthusiasm.
Decentralized trading data for STABLE reveals early signs of selling pressure. The token has accumulated approximately $720,000 in liquidity on PancakeSwap. Early large holders are reportedly attempting to sell their holdings and repurchase at lower prices, executing high-velocity orders. However, due to the limited liquidity, even the leading whale has only been able to extract around $127,000 from the market.
STABLE debuted with a market capitalization of $300 million and a fully diluted valuation of $1.6 billion. Despite its high profile and connections to Bitfinex and USDT, the launch achieved a market cap and liquidity comparable to earlier meme token launches. The asset's performance remains subdued, even with the project's ambitious plans to establish Stable as a settlement layer for stablecoins, particularly USDT.
Pre-Market Phase and Future Viability
Although the token has launched on the BNB Chain, the Stable network itself is still considered to be in a pre-launch phase. The company has opened registrations for early settlement access.
The delayed product launch is an unusual approach in the highly competitive cryptocurrency space. Stable will need to convincingly demonstrate the necessity for an additional chain to facilitate stablecoin transactions, especially given the established liquidity on preferred networks like Ethereum and TRON.
The project faces skepticism regarding its ability to prove its viability in handling stablecoin traffic and achieving its stated launch objectives.