In a matter of hours, the price of #yearn.finance ($YFI ) fell from $14,500 to $8,300, a 45% decrease.
Due to this abrupt decrease, there have been rumours of insider #trading and exit scams.
Concerns were raised regarding the control of nearly 50% of #YFI supply by ten wallets, including those of cryptocurrency exchanges, after the altcoin lost more than 45% of its value in a matter of hours.
Significant liquidations as well as an increase in short positions on YFI have been brought about by the price decline.
In the fourth day after the release of V3, the YFI token fell by more than 40%. The #cryptocurrency market has taken notice of this surprising turn of events because Yearn.finance is regarded as one of the largest platforms in the decentralised finance (#DeFi ) ecosystem.
