Is UNFI’s [Unifi Protocol DAO] 200% rally just another case of exit liquidity
The cryptocurrency space has spent the entire year struggling as many market experts expect a deep bearish phase. Many cryptocurrencies have fallen from regions seen as all-time highs over a year ago. Although the market has been struggling, UNFI, the native token of the Unifi Protocol DAO has been able to post over 200% gains in the last 24 hours.
Unifi Protocol DAO touts to be a revolutionary approach to decentralized finance (DeFi). The project, launched in 2020, aims to bring modern technology to the financial world. But what exactly led to this massive uptick during these unprecedented times?
Amid a bear market, UNFI showcased a massive rally (going from $3.60 to $36.99), recovering the bear price action of the past year. Almost touching a new ATH. Analytical platform, Santiment highlighted this rise in a 16 June tweet that read,
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