"Chads benefit from mSOL depegging discount" as they seize a unique market opportunity. A temporary "depegging" of mSOL occurred when degens rapidly sold off their holdings while unwinding loop lending positions across various DeFi lending platforms. This activity led to potential liquidations, causing a dip in mSOL's value. Astute traders, referred to as chads, took advantage of this situation, buying mSOL at a significant 15% discount. This event underscores the dynamic and opportunistic nature of cryptocurrency markets, where informed traders can capitalize on rapid market shifts.
