Startled, YFII suddenly dropped the price dramatically by 74%
The price of the YFII token of the DFI.Money project suddenly dropped deeply at 11:30 AM on May 25 after much information was accusing the rug-pull development team.
YFII dumped 74% because of rumors
At around 11:15 AM on May 25, thiss token price on major exchanges suddenly dumped sharply, falling from 1,212 USD to as low as 320 USD in just 15 minutes, equivalent to nearly 74% of the value.
The YFII price subsequently recovered to $913 at the update.
It is not clear why the price of YFII has dropped so dramatically, but most theories at this point are because of the DFI.Money development team decided to rug-pull Judgment.
The reason for the above argument comes from the fact that DFI.Money has long ceased to have any noticeable development. The project’s communication channels have so far remained “silent” despite the token being dumped and a powerful discharge of evidence. This shows that an organization must hold a large number of tokens to create momentum for the sell-off.
If it is a rug-pull, then YFII will be the second token that has been “discharged to the user’s head” in just the past 24 hours after COPE on Solana.
It launched in July 2020, DFI.Money (YFII) is a project that “copy” the operating model of the Yearn Finance (YFI) liquidity aggregator protocol on Ethereum.
Because of the YFII dump, Yearn’s YFI price was negatively affected but recovered quickly.
Currently, there is no official information about the cause of this dump.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Foxy
Coincu News
Author
News
Startled, YFII suddenly dropped the price dramatically by 74%
The price of the YFII token of the DFI.Money project suddenly dropped deeply at 11:30 AM on May 25 after much information was accusing the rug-pull development team.
YFII dumped 74% because of rumors
At around 11:15 AM on May 25, thiss token price on major exchanges suddenly dumped sharply, falling from 1,212 USD to as low as 320 USD in just 15 minutes, equivalent to nearly 74% of the value.
The YFII price subsequently recovered to $913 at the update.
It is not clear why the price of YFII has dropped so dramatically, but most theories at this point are because of the DFI.Money development team decided to rug-pull Judgment.
The reason for the above argument comes from the fact that DFI.Money has long ceased to have any noticeable development. The project’s communication channels have so far remained “silent” despite the token being dumped and a powerful discharge of evidence. This shows that an organization must hold a large number of tokens to create momentum for the sell-off.
If it is a rug-pull, then YFII will be the second token that has been “discharged to the user’s head” in just the past 24 hours after COPE on Solana.
It launched in July 2020, DFI.Money (YFII) is a project that “copy” the operating model of the Yearn Finance (YFI) liquidity aggregator protocol on Ethereum.
Because of the YFII dump, Yearn’s YFI price was negatively affected but recovered quickly.
Currently, there is no official information about the cause of this dump.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Foxy
Coincu News
Other Posts
Related Posts
News
MicroStrategy Bitcoin Holdings Is Now Only 1/2 Of BlackRock And Fidelity’s
News
