What's going on with this coin? It's getting pumped crazy af right now.
https://coinmarketcap.com/currencies/yearn-finance/Edit: It's 32k right now lol.
Edit2: All of the market is seeing a small correction, and so its YFI, however it still holds 'strong' at $30k.
Id suggest you be careful before putting any money in. The Defi coins while as concept seems brilliant to many of them today seem to operate like a ponzi, i am not saying YFI or some other DEFI coins is a ponzi there are definitely some hidden gems but that one shouldn't just get carried away with the hype or the huge gains you see on the chart.
Remember crypto history is riddled with coins that pump 1000% in a matter of days only to see them drop 99.9% a few days later.
Remember the Case of Z classic that went from 280 to a buck a year or so ago or the more recent Defi coin Hotdog.
Also if any can help me with why so many Defi coins names after food( pasta, spaghetti, sandwich, Sushi and so on) and how exactly am i suppose to look at something called Spaghetti coin and not immediately think its a scam.