DeFi Rumors and Their Impact: Managing Crypto Salary Fluctuations
Rumors can be a double-edged sword in the crypto world. A single rumor can send prices tumbling, but it can also be a great opportunity for some. Recently, Aave’s token experienced a massive drop of over 8% due to rumors that the DeFi protocol would receive a different token allocation from World Liberty Financial (WLFI). So, what actually happened? Well, the WLFI team quickly refuted the claim that “Aave will receive 7% of the total WLFI token supply”, branding it as false. The founder of Aave had called it the “art of the deal”, indicating that the terms were still valid, and this led to the price drop from around $385 to a low of $339 before recovering to around $352.
The Impact of Rumors on Investor Confidence
This incident really…
