$DEGO price plummets from $2.72 to $1.368 in minutes as USD1 stablecoin integration sparks market panic.😱🔥
Dego Finance (DEGO) suffered a devastating 49.72% crash on Binance, dropping from $2.72 to $1.368 within minutes. The former Binance Launchpool project from 2021 joins a growing list of altcoins experiencing sudden collapses.
What Caused DEGO's Flash Crash?
Market analysts point to USD1 stablecoin liquidity addition on $BNB Chain as the primary catalyst. This integration enabled direct DEGO-stablecoin trading but apparently triggered fear, uncertainty, and doubt (FUD) among holders concerned about:
1️⃣ Liquidity manipulation risks.
2️⃣ Price stability concerns.
3️⃣ Market structure changes.
Similar Altcoin Crashes Pattern
$DEGO follows recent crashes in LEVER, OM, ACT, and TST tokens, highlighting systemic vulnerabilities in low-volume altcoins when liquidity dynamics shift unexpectedly.
Key Takeaway: Even established Launchpool projects remain susceptible to sudden market shocks. Always #dyor before investing in volatile crypto markets.
