ChainCatcher report, according to The Block, the deUSD stablecoin depegging event in October triggered automated liquidations across multiple protocols, causing MEV Capital to suffer losses exceeding $10 million. The company’s assets under management fell 80% from a peak of $1.5 billion to approximately $300 million. Belem Capital stated that it has terminated its management delegation with MEV Capital and brought the firm’s institutional asset management team in-house to integrate risk and execution frameworks.
MEV Capital's AUM Drops 80% in Four Months After deUSD Depegging
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Summary
MEV Capital's AUM dropped 80% over four months, from $1.5 billion to $300 million, following the deUSD depegging in October. The incident triggered over $10 million in losses from protocol liquidations. Belem Capital terminated its management agreement with MEV and brought its asset team in-house to strengthen risk controls. With altcoins underperforming and the Fear & Greed Index signaling caution, market sentiment remains fragile.
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