Yearn Finance (YFI) price nosedives amid alleged market manipulation
Yearn Finance (YFI) price fell more than 45% to below $9k on November 18. The decline occurred amid market manipulation claims, including from the dYdX team. YFI price was around $9,260 on Sunday morning. Yearn Finance (YFI) is changing hands just above $9,260 on Sunday morning, November 19. The YFI token’s 45% slump from highs of $15,548 to lows of $8,918 on Saturday wiped out all of last week’s gains. YFI/USD had climbed by over 170% over the past month. YFI price nosedives – what happened? Yearn Finance’s steep price decline came as negative sentiment hit the market amid allegations of potential market population. Amid this, YFI saw huge deposits to exchanges and on-chain data shared by market platform Lookonchain shows one whale selling as prices plummeted. Why did $YFI suddenly plummet more than 40%? Wallet "0x48f9" transferred 446 $ YFI ($5.8M) out, most of which was deposited to exchanges.https://t.co/Scw2wsE...