Yearn.Finance Up 34.71%, Is YFI Swiftly Aiming for $50k?
- Yearn.Finance (YFI) is up 34.71% in the last 24 hours.
- This comes as Yearn started massively buying back YFI.
- If this bullish position continues, YFI may hit $50,000 soon.
Decentralized finance (DeFi) leading yield aggregator for investors Yearn.Finance is up 34.71% in the last 24 hours. The new price position of YFI is attributed to the recent announcement by the platform that it has purchased $7,526,343 worth of YFI from the open market.
The team reveals that they entered a massive buyback in the coming weeks. So far they have gotten 282.4 YFI in a few days, representing 0.77% of the total supply at an average price of $26,651. They further disclosed that more YFI has been bought back in the past month than last year.
In addition, the YFI treasury has more than $45 million saved up with earnings stronger than ever, says its official Twitter page. At the time of w ...
Read more: https://coinquora.com/yearn-finance-up-34-71-is-yfi-swiftly-aiming-for-50k/
Text source: News – CoinQuora – Latest Cryptocurrency and Block
