Cryptocurrencies, blockchain, NFT and new trends

YFI Transactions Worth More Than $29.8M Each Recently Took Place

  • Santiment tweeted that two large whale transactions took place on the YFI network recently.
  • The transactions were worth approximately $29.8 million each at the time they took place.
  • In related news, YFI’s price is trading bearishly below the 9 and 20 EMA lines on the 4-hour chart.

The blockchain intelligence firm, Santiment, tweeted yesterday that Yearn Finance (YFI) saw the 2 largest transactions in the past 3 months on its network. In the tweet, Santiment went on to add that a pair of transactions worth 3,869.54 YFI, which was estimated to be $29.8 million each at the time, were sent to a known proxy and whale address.

Yearn Finance Transactions (Source: Santiment)

Furthermore, a chart shared in the tweet shows that the highlighted transactions are 3.9 times larger than any other transactions that took place on the network over the last 3 months.

In related news, CoinMarketCap shows that the price of YFI has fallen 2.72% over the last 24 hours. As a result, YFI’s price currently stands at $7,638.13.

4-hour chart for YFI/USDT (Source: TradingView)

YFI’s price has bounced off of a positive trend line that has formed over the last few weeks aft…

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