Quote from: bullrun2020bro on July 13, 2023, 02:41:23 PM

I took some screenshots earlier today and posted about it on the German board. It looks like WBTC had a significantly lower price than BTC for several (!) hours. I just think that no large orders were possible during this period. If there were, some users certainly made a killing.

It looks like CMC already fixed their chat (since you won't find this dips anymore, if you check the chart now). This is what it looked like this morning:

Could be API issues or people fat fingering the sell button (where others will arb and get it back on track), but wBTC didn’t lose its peg (neither with the custodian nor in the open market).

Actually, on Uniswap alone it has over $230m liquidity at the current BTC price: https://info.uniswap.org/#/tokens/0x2260fac5e5542a773aa44fbcfedf7c193bc2c599

It may be a shitcoin in the sense that it’s not real BTC and you don’t have the entire Bitcoin protocol security to protect you, but it isn’t a total failure yet.