YFI plunged more than 40% in a single day, and the team is suspected of selling tokens on a large scale
On November 18th, Yearn finance (YFI) dropped more than 40% in a single day, currently trading at $8,950. According to WhaleWire, a cryptocurrency data tracker, this is due to a large-scale sell-off by the team, as data shows a significant net outflow from their team wallet.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Roblox will allow devs to skip Robux and charge players in fiat money
VanEck’s Matthew Sigel Defends Ethereum’s Strong Utility Despite Bearish Market
![](https://img.bitgetimg.com/multiLang/image/social/e201343e99422f1587dcca6032544c281725741543205.jpg)
How Solana is Surpassing Ethereum in Blockchain Performance
![](https://img.bitgetimg.com/multiLang/image/social/19c85f4faba5949f3815555cb0a7c7711725741542820.jpg)
Debunking Bitcoin Myths: Separating Fact from Fiction in Cryptocurrency
![](https://img.bitgetimg.com/multiLang/image/social/946e527ab045281260662008d4e7ed021725741542403.jpg)