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A widely-followed crypto trader and influencer says wealthy traders ignited a massive rally in one decentralized finance (DeFi) asset that was the target of big shorts.
In a new tweet, The Crypto Dog tells his 234,000 followers that speculators who are looking to generate instant profits served as the catalyst for one of the most brutal short squeezes in the history of crypto trading.
“This YFI (yearn.finance) squeeze is what happens when you put together hundreds of the richest degens (degenerates) in crypto and point them at one target.”
