Kujira Price Prediction: KUJI Plunges 44% As Foundation’s Leveraged Bets Unravel, And Experts Say This Solana GambleFi Token Might 100X
The Kujira price tumbled 44% in the last 24 hours to trade at $0.3129 as of 04:15 a.m. EST on trading volume that skyrocketed 90% to $7.7 million. This severe drop was triggered by the liquidation of the Kujira Foundation’s operational wallet. The Foundation had taken on leveraged liquidity positions worth millions of dollars but failed to manage them properly on its own DeFi platform. The funds used in leveraged positions were intended to enhance liquidity and stimulate activity on their decentralized exchange (DEX). The team said in a post on X that it takes full responsibility for the incident and apologized for its impact on the token’s price. Before the liquidation, the Kujira price was trading in a sideways pattern, as KUJI consolidated around $1.04. In the last three days, KUJI has tumbled to trade in a falling channel pattern, fueled by the unraveling of the Foundation’s leveraged bets. Kujira Price Aims For A Bullish Trend Reversal The price of Kujira n...