Another major drop has shaken the crypto market! This time, it's Dego Finance (DEGO) — a Binance Launchpool project from 2021 — which has crashed by a staggering 50% within minutes. 😱
📉 The sudden dump caught many traders off guard, and as of now, no official explanation has been provided for this sharp fall.
Over the past few months, altcoins like LEVER, OM, ACT, and TST have also experienced similar abrupt crashes. Now, DEGO has joined the list.
💬 According to social media buzz, the drop may be linked to the recent addition of USD1 stablecoin liquidity on the BNB Chain. This move allowed DEGO to be traded directly with a stablecoin — but it might have triggered FUD (Fear, Uncertainty, Doubt) due to concerns about liquidity shifts and price manipulation. 🌀
📌 While the exact cause remains unclear, this incident highlights the risks associated with sudden liquidity changes and low-volume tokens.
👉 Always remember: Stay informed. Stay alert. DYOR (Do Your Own Research)! 🔍📊
