YFI plunged more than 40% in a single day, and the team is suspected of selling tokens on a large scale
By:Cointime
On November 18th, Yearn finance (YFI) dropped more than 40% in a single day, currently trading at $8,950. According to WhaleWire, a cryptocurrency data tracker, this is due to a large-scale sell-off by the team, as data shows a significant net outflow from their team wallet.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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