The Solana-based stablecoin USX experienced a sharp but temporary depeg overnight, dropping as low as $0.10 on secondary markets following a rapid liquidity drain. The incident unfolded across decentralized exchanges, where selling pressure overwhelmed available liquidity and pushed prices far below the expected $1 peg. Blockchain security firm PeckShield was among the first to flag the anomaly, pointing to abnormal price action tied to USX liquidity pools. Within hours, the situation drew broader attention across the Solana ecosystem as traders scrambled to understand whether the move reflected a deeper solvency issue or a short-term market dislocation. The price later rebounded
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