Ethereum stablecoin and tokenized fund market cap sinks 19% after KelpDAO exploit
Ethereum's stablecoin and tokenized fund market has shrunk 19% since the KelpDAO exploit on April 18, according to Cointelegraph. The combined market cap now sits at $168.3B, down from $206.7B.
- 2 sources report it: X account @Cointelegraph, cryptobriefing.com.
- The source published it on Nov 9, 2026 at 7:20 PM.
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Cointelegraph reports that Ethereum's combined stablecoin and tokenized fund market cap has dropped 19% since the KelpDAO exploit on April 18. The total now stands at $168.3B. Before the exploit, that same figure was $206.7B.
The metric lumps together two categories that live on Ethereum: stablecoins and tokenized funds. Both are now worth nearly a fifth less than they were before April 18, per Cointelegraph's latest update.
Cointelegraph framed the decline as a direct response to the KelpDAO exploit, the event it pins the timeline to. The outlet did not break out how much of the drop came from stablecoins versus tokenized funds.
TopicsEthereum · KelpDAO · Cointelegraph
Written by Paparazzi with AI. Not financial advice.
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