Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Crypto Exchanges => Coinbase => Topic started by: Tnoy30 on June 24, 2020, 02:29:33 PM

Title: DeFi-Nitely a Bubble? Seller Blamed as COMP Crashes 45% on Coinbase
Post by: Tnoy30 on June 24, 2020, 02:29:33 PM
A frenetic day of trading on Coinbase Pro saw unusual activity from what seems to be an early investor in Compound, which briefly hit $427.
The rapid growth in the price of so-called decentralized finance (DeFi) tokens is raising fresh suspicions after one altcoin hit $427.

In a curious sequence of events still unfolding on exchanges, DeFi token Compound (COMP) posted huge gains before crashing almost 50%.
Read on: https://cointelegraph.com/news/defi-nitely-a-bubble-seller-blamed-as-comp-crashes-45-on-coinbase