XVS (Venus Protocol token) has recently dropped sharply, trading around $3.50-$4 after a 24-30% plunge. This makes it appear as a "loser" due to high volatility and liquidation events in the DeFi space.
$XVS #XVS #XVS/USDT #XVSUSDT Recent Price DropXVS fell about 30% in a single day on January 28, 2026, from higher levels to around $3.45, with a 7-day decline of 26-30%.
Trading volume spiked to $17-33 million amid the crash, reflecting panic selling.
Its market cap sits at roughly $60 million, down over 50% year-over-year.
Key Trigger: Whale LiquidationA major "whale" trader lost $1.09 million when their leveraged position on Venus Protocol was liquidated after buying 532,000 XVS with borrowed USDT.
The protocol sold 287,000 XVS to cover $930,000 of debt as prices dropped below $3.20 threshold, amplifying the downturn.
This created a liquidation cascade on the BNB Chain lending platform.Contributing FactorsFlash crash dynamics: Thin liquidity led to rapid 30% drops in minutes, worsened by oracle delays and margin calls.Prior incidents: A January phishing attack stole $27 million (mostly recovered), but caused temporary pauses and price dips.
DeFi risks: High leverage in lending protocols like Venus fuels volatility, especially with broader market sentiment shocks.Broader ContextVenus (XVS) is the governance token for a BNB Chain DeFi lending platform, prone to these risks due to its niche focus. While it saw short recoveries post-events, ongoing competition from Aave/Compound and regulatory uncertainty add pressure. Prices remain far below the 2021 ATH of $147.