The YFI token dropped from $15,570 to $8,654 within a short duration.
According to CoinMarketCap, YFI is trading at $9743, down 37% in the last 24 hours.
A suspected exit fraud has investors of the Yearn.Finance governance token YFI on edge. There was a decline of nearly $300 million in market capitalization, according to statistics from CoinMarketCap, as the price of YFI plummeted dramatically. The YFI token dropped from $15,570 to $8,654 within a short duration. The token, despite this, is up 101% in the last 30 days.
Source: CoinMarketCap
Another weekend of FUD in the crypto world has been provoked by the sell-off. Some Twitter users have speculated that the creators themselves hold 10 wallets containing half of the total token supply. Etherscan data, however, suggests that a subset of these holders are likely just wallets at cryptocurrency exchanges.
Substantial YFI Transferred
Lookonchain, a blockchain data analytics startup, has released some analysis on the YFI price drop. One
We współpracy z: https://thenewscrypto.com/yearn-finance-governance-token-yfi-witnesses-massive-nosedive/
