DEGO Plunges 48% Amid Whale Liquidations and USD1 Liquidity Reserve Announcement on BNB Chain

DEGO is currently trading at $1.336, reflecting a 48.83% decline over the past 24 hours with a significant surge in trading volume and market activity. The sharp price drop was primarily triggered by DEGO Finance's announcement of purchasing USD1 as a liquidity reserve for the World Liberty Financial (WLFI) liquidity program on BNB Chain, which prompted large-scale sell-offs and liquidations, including a notable long position liquidation of $279,000. The relatively small market size of DEGO made it susceptible to heightened volatility and price manipulation from large trades, with whale activity on the Binance Exchange further accelerating the decline.