GHO fluctuated 40.3% in 24 hours: depegged from a high of $1.1206 to $0.7987, Curve integration and setbacks in the Aave ecosystem resonated

Volatility Overview

In the past 24 hours, the price of GHO rebounded from a low of $0.7986 to a high of $1.1206 before pulling back, currently quoted at $0.7987, with a fluctuation of 40.3%. The 24-hour trading volume is approximately $7.19 million, and the market capitalization is $584 million.

Brief Analysis of the Price Movement

• On March 13, GHO was officially launched on Curve as a crvUSD Pegkeeper with a debt ceiling of $3 million. The pool's TVL quickly exceeded $1.4 million, driving the initial price up.

• In the past 12 days, Aave has suffered four major setbacks, including the withdrawal of key contributor AaveChan (ACI) from GHO governance and the cancellation of funding support, which may intensify the depeg pressure.

Market Views and Outlook

The community remains optimistic about the Curve integration, viewing improved GHO DeFi liquidity as a positive development; however, setbacks within the Aave ecosystem have raised concerns over peg stability. The mainstream expectation is for a return to the $1 peg after short-term volatility, with attention on further updates regarding governance funds.