i dont understand why this token could reach price almost similar with bitcoin, what is the speciallity and feature from it beside its supply . i am worry this alt mega pump trend could be the early stages like 2017 condition to make crypto market crash again. in market now happening mega pump in some new altcoin project, maybe investors thinking this is the best time to speculate while market agree to do this.
Possible reasons of it is the hype of DeFi at this moment and the total supply of it which is around 30,000 YFI only.
I was quite surprised with the emergence of this coin in the top 100 in the CMC and it is also listed on Binance right now. Not interested in DeFi in anyway but this will be a huge warning for those investors who are easily falling to these kind of scams.