Ethereum's price plunged nearly 50% in a day, triggering massive liquidations in MakerDAO's system, which backs the DAI stablecoin with ether collateral. Due to network delays and price oracle updates, liquidators exploited the system, causing $4 million in losses and threatening DAI's stability. This event exposed the limits of decentralized stablecoins amid extreme crypto volatility and slow response times, shaking user confidence. While centralized stablecoins like Tether remained stable, MakerDAO and DeFi protocols face challenges but are expected to improve scalability and security over time.
Ethereum's price on Pluang is Rp47.774.447 with a minimal 1-day change of -0.07%, showing relative stability after the reported plunge. Tether (USDT) remains steady at Rp17.889, up 0.51% on the day. These figures are as of Sep 24, 2026 22:22 WIB.
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