.... so yesterday when that sushi dev was accused of "cashing out" angered the sushi community and all the hoo-haa eventually crushed the sushi price
So I did the logical thing..... bought some more sushis some at $1.50 and most at $1.8
.... today, I sold ALL at $2.55.... burp, thanks sushi, thanks Binance.
It seems that certain Defi tokens were scams and seems the fees are starting to get back to normal. Right now fees are around 100 Gwei or so while during the peak they were at 500 Gwei or so. Some of those food tokens like Hotdog or Sausage basically went to -100%.
Given the price crash our profitability is less than half of a few days ago. We will see what happens. Seems this sell off was at the same time as the stock market selling off. So it could be nothing more than a dip and continue. However if it was the top then most likely we won't get back to $500 ETH until election results.
defi tokens were a scam from the very beginning, this is a normal bubble. I have no idea how they were accepted for Binance
someone knows someone who knows someone in binance hehe
defi means
DEFInitely gonna lose your money