As of December 26, 2025, the STABLE token price remains under pressure, currently at $0.01179, down 1.23% in the past 24 hours. The circulating market cap is approximately $212 million, with a fully diluted valuation (FDV) of about $1.7 billion. Since its mainnet launch on December 8, STABLE has declined over 69% from its peak of $0.05, touching a low of around $0.015. Market performance has significantly underperformed expectations.

Current Market Conditions

Price Trend: After launching on December 8, STABLE experienced a rapid decline, with a brief rebound to $0.01226 on December 19 (a 5.50% increase), but then it fell again. The current price has broken below the psychological level of $0.012, indicating a weak technical outlook.

Liquidity Status: 24-hour trading volume is approximately $221 million, mainly concentrated on exchanges like Gate and BitMart. Notably, major exchanges such as Binance and Coinbase have not yet listed STABLE spot trading. Liquidity on PancakeSwap is only about $720,000, and the shallow liquidity depth has amplified price volatility.

Key Influencing Factors

Market Expectation Gap: Before launch, Polymarket predicted an 85% chance that its FDV would exceed $2 billion, but actual performance has fallen far below expectations. Enthusiasm for the "Tether's son" narrative has quickly faded in the bear market, compounded by controversy over "front-running" activities during the project's initial deposit campaigns, severely damaging community confidence.

Tokenomics Pressure: STABLE has a total supply of 100 billion tokens, with 50% held by the team and investors (25% team + 25% investors). These tokens are subject to a one-year lock-up, raising concerns about future unlock selling pressure. Ecosystem and community account for 40%, genesis distribution 10%, with approximately 18 billion tokens currently in circulation.

Competitive Landscape: As a dedicated blockchain for stablecoins, STABLE faces fierce competition from projects like Plasma. Plasma has already gained market consensus, squeezing profit margins for STABLE as a "second-tier" project. Its core design—USDT as the native Gas token and STABLE only used for governance and staking—raises questions about value capture in a bear market environment.

Technical Analysis

From a technical perspective, STABLE's price has broken below all major moving averages, with RSI in oversold territory but no clear rebound signals. The $0.01 level is a critical psychological support; a decisive break below could lead to further declines toward the $0.008–0.009 range. Resistance levels are at $0.015 (previous low) and $0.02 (corresponding to a $2 billion FDV).

Future Outlook

In the short term, STABLE faces multiple pressures: lack of listing on major exchanges limiting liquidity, future token unlocks for team and investors, and risk appetite contraction in the bear market. Medium to long-term performance will depend on ecosystem development progress, listing status on top exchanges, and on-chain data validation. The project team needs to rebuild community trust through ecosystem incentives and partnerships; otherwise, the price may continue to remain under pressure. #热门