NO.

Finance YFI token deteriorate over 40% for seemingly no reason.

Upon observing the striking red candle on the YFI chart, numerous traders quickly attributed the unexpected price variation to a potential rug pull by insiders at Yearn Finance.

Rest assured, the dramatic drop in YFI’s value wasn’t a case of its largest holders offloading their tokens. Instead, it appears to have been the result of a calculated attack aimed at depleting the insurance pool of the trading protocol dYdX.

An attacker exploited the low margin requirements on dYdX’s YFI trading market to pump and dump the token, extracting around $9 million from the protocol.