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About FABRIC

MetaFabric is a next-generation platform for communication between cryptocurrency holders, allowing them to communicate freely, securely and without spam. The history of human communication had to come a long way to be in this place. A place which is unleashing the true potential of communities hidden behind a sum of letters and numbers, anonymous wallets trying to challenge the status quo.What problems MetaFabric is aiming to solve?1) Diluted communication within tokens' communities 2) Effort required to gather and sustain communities of actual investors around tokens 3) Lack of possibility to message any crypto wallet 4) Your privacy being sold as a productImagine if crypto token communities consisted exclusively of people who actually invested in them. No bots. No marketers. No fudders. Just investors.

MetaFabric (FABRIC) is a cryptocurrency launched in 2021. FABRIC has a current supply of 1.00Bn with 0 in circulation. The last known price of FABRIC is 0 USD and is 0 over the last 24 hours. It is currently trading on active market(s) with $0 traded over the last 24 hours. More information can be found at https://metafabric.io.

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FABRIC Price Statistics
FABRIC’s Price Today
24h Price Change
-$00.00%
24h Volume
$00.00%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#3885
FABRIC Market Cap
Market Cap
$0
Fully Diluted Market Cap
$483,596.68
FABRIC Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
FABRIC Supply
Circulating Supply
0
Total Supply
1.00Bn
Max Supply
1.00Bn
Updated Jan 30, 2024 9:21 am
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FABRIC
MetaFabric
$0
$0(-0.00%)
Mkt Cap $0
There's nothing here for now
Curve Finance Founder's Large Token Holdings Lead to Market Panic
Curve Finance Founder's Large Token Holdings Lead to Market Panic
According to Bloomberg, in the cryptocurrency industry, it's typical for founders to accumulate substantial amounts of their project's native token as a stake in the business. This approach, while promoting transparency and offering a more liquid exit strategy, can sometimes lead to complications. For instance, when executives and venture-capital backers hold significant portions of a token, market liquidity can become scarce when they sell. This has led some to resort to unconventional methods to liquidate their holdings. A recent incident involving Curve Finance founder Michael Egorov serves as a prime example. Egorov's trading of nearly $96 million in stablecoin loans was backed by approximately $140 million of his CRV holdings as collateral. This collateral was spread across several DeFi platforms, including Curve's own LlamaLend. However, when the price of CRV plummeted following the hack of a small DeFi lender this month, the value of Egorov's collateral also fell, forcing his positions into liquidation. This forced selling resulted in millions of dollars in bad debt for Egorov and Curve, and triggered widespread market panic among CRV investors. The value of the coin briefly hit a record low following the liquidation. Egorov subsequently sold more CRV tokens in an over-the-counter deal to cover most of Curve's bad debt. In a statement, Egorov confirmed that he personally repaid most of the bad debt and was committed to ensuring that all users could withdraw their deposits without any issues. This incident highlights the challenges faced by crypto founders and early backers when they attempt to realize the value of their holdings. The market's volatility and immaturity often mean that holdings are too dense for buyers to handle when sold in large quantities. This experimental nature of crypto markets allows for such situations, giving buyers, sellers, and builders the freedom to test the boundaries of finance without traditional rules.
Jun 24, 2024 3:33 am

Frequently Asked Questions

  • What is the all-time high price of MetaFabric (FABRIC)?

    The all-time high of FABRIC was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of MetaFabric (FABRIC) is 0. The current price of FABRIC is down 0% from its all-time high.

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  • How much MetaFabric (FABRIC) is there in circulation?

    As of , there is currently 0 FABRIC in circulation. FABRIC has a maximum supply of 1.00Bn.

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  • What is the market cap of MetaFabric (FABRIC)?

    The current market cap of FABRIC is 0. It is calculated by multiplying the current supply of FABRIC by its real-time market price of 0.

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  • What is the all-time low price of MetaFabric (FABRIC)?

    The all-time low of FABRIC was 0 , from which the coin is now up 0%. The all-time low price of MetaFabric (FABRIC) is 0. The current price of FABRIC is up 0% from its all-time low.

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  • Is MetaFabric (FABRIC) a good investment?

    MetaFabric (FABRIC) has a market capitalization of $0 and is ranked #3885 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze MetaFabric (FABRIC) price trends and patterns to find the best time to purchase FABRIC.

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