🚨 $DEGO Price Dumped Hard – What Happened?
Dego Finance ($DEGO) dropped over 52% today and here’s why:
🔻 Big Token Dump: A huge amount of #DEGO tokens (worth over $250K) was sent to exchanges — this caused heavy selling pressure.
Record Liquidations: Over $650K in long positions got liquidated — highest ever for DEGO!
⚠️ USD1 Stablecoin FUD: DEGO recently said they bought the new USD1 stablecoin. Some users think this might be a risky or scammy move, adding more fear.
Technical Rejection:
Price hit $2.70, then faced strong resistance and dropped fast. Bearish market conditions made it worse.
Stay alert! This is a high-risk zone — wait for stable support if you’re planning to enter.