DeFi traders blame YFI price collapse on shorting by Alameda Research


DeFi traders blame YFI price collapse on shorting by Alameda Research

Yearn Finance (YFI) price has been in a serious rut during the past 2 weeks and many in the crypto community blame the sharp correction on Sam Bankman-Fried (SBF), the CEO of Alameda Research and FTX.

In the past month, DeFi giant Yearn.finance’s native token YFI dropped 62.7% from $43,970 to $16,360.

YFI/USDT daily chart. Source: TradingView.com