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via Decrypt · By Decrypt Editorial
'Looksmaxxing' Trend Spawns $100M Gray Market Fueled By Bitcoin, Stablecoins: Chainalysis
BTC
BTC/USDT
$72,618.01
+5.10%
$72,618.01
+5.10%
(24s)24h Volume
$35,266,850,536.88
24h H/L
$73,110.70 / $68,902.22
Change: $4,208.48 (6.11%)
Long/Short
51.3%
Long: 51.3%Short: 48.7%
Funding Rate
-0.0003%
Shorts pay
Data provided by COINOTAG DATALive data
DE
Decrypt Editorial(07:54 PM UTC)
1 min read
In brief
- The crypto-powered gray-market peptide market has surpassed a $100 million annual run rate, according to Chainalysis.
- Demand surged alongside the rise of the social media "looksmaxxing" trend and growing interest in weight-loss peptides.
- Researchers linked some peptide suppliers to Chinese chemical manufacturers previously involved in drug precursor sales.
A fast-growing gray market for…
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