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Users who profited from manipulating the price of YFI used the same technique to manipulate the price of SUSHI

2023-11-19 15:33
Odaily News According to Lookonchain monitoring, an anonymous user made profits by manipulating the price of YFI on dydx. On November 14 and 15, the wallet (0xCCb6) and wallet (0xB017) deposited a large amount of USDC into dydx through multiple addresses. Suspected to be long YFI. After that, the price of YFI began to rise. When the price of YFI reached its highest point on November 17, the wallet (0xB017) withdrew USDC from dydx through multiple wallets and deposited USDC into dydx through other wallets, which may have been flattened. Take a long position and then short YFI at the highest price through other wallets. After the price of YFI plummeted on November 18, the wallet (0xB017) withdrew a large amount of USDC from dydx through multiple addresses, which was likely the profit from shorting YFI. Previously, on November 1, the price of SUSHI fluctuated violently. This anonymous user used the same method to try to make profits by manipulating the price of SUSHI.