How we timed $YFI’s -25% price correction

What an incredible price run for a coin that was marketed as ‘having no value’. In less than 2 months, the $YFI token has ballooned from an opening price of $1026 to an **all-time high of $38,400 last Monday**, as the DeFi craze continues to sweep the crypto market. Since then, however, the coin has (finally) hit a few roadblocks on the back of some shaky fundamentals including a **sudden surge in YFI’s social volume**, often indicative of ‘peak hype’ and a quickly forming price top. In last week’s report, we broke down the current state of the $YFI ecosystem, and predicted a short-term drop is likely in the cards: > “After a huge run up, it's time to take a small break for YFI until the next leg up. A healthy correction is expected after such a huge run up, and that's actually good, as it finds a base to consolidate for the next move.“ Since publishing our report, the $YFI token has tumbled by more than -24.5% and counting. Read how we saw it coming here: [https://tinyurl.com/y3etac48](https://tinyurl.com/y3etac48)