Waves founder Sasha Ivanov has asked cryptocurrency exchanges to delist futures on the WAVES coin.
“They are a breeding ground for FUD and make money on short positions, because of that they are profitable. I am asking all centralized exchanges to shut down the futures markets for Waves,” he said.
WAVES has fallen more than 40% in the past two weeks, and 98% from its all-time high.
Most of the decline in the asset was due to the volatility of the native stablecoin USDN.
USDN is backed by the WAVES token and has lost its peg to the dollar several times this year.