AUM at MEV Capital Falls From $1.5B to $300M in Four Months - Crypto Economy

CryptoEconomy · 2026-02-27T00:53:47+00:00

MEV Capital's assets under management plummeted 80% from $1.5 billion to $300 million due to the deUSD stablecoin's devaluation, leading to significant staff layoffs and operational challenges. The firm's revenue dropped 92%, and partners are reassessing their collaborations.

CryptoEconomy

2026-02-27 00:53:47

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DefiLlama data reveals that on-chain asset manager MEV Capital witnessed its assets under management (AUM) plummet by 80%, falling from $1.5 billion to $300 million in just four months. The report from The Big Whale indicates that this contraction, described as an “industrial catastrophe,” led to the departure of most of its staff and the cessation of activity by its CEO, Laurent Bourquin.

This financial disaster originated after the deUSD stablecoin lost its parity in October 2025, triggering automatic liquidations and losses exceeding $10 million for the firm. The operational impact has been devastating: quarterly revenues fell by 92% compared to the previous year, while key partners such as Belem Capital and the Midas protocol have decided to internalize their teams or migrate their funds to other managers like RockawayX.

Moving forward, the market must monitor the liquidation process of the remaining strategies and the firm’s ability to survive this “operational vacuum.” Attention is now focused on Belem Capital, which absorbed part of MEV’s technical team, and on the resolution of pending redemptions within the mMEV and mevBTC products, which now operate under new institutional administration.

Source: https://goo.su/hXdy

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