✖️ Essence Finance's #StableCoin CHI value dropped by over 90%

➡️ This happened after rumors of collateral withdrawals exceeding $20 million.

📉 According to #Geckoterminal , the price dropped by almost 98% to $0.01338 in less than a day.

😡 This has led to accusations of “ #rugpul ” against the developers, although Essence Finance has yet to comment.