Deposit 100,000 and Watch It Drop to 860: YAM's One-Day Collapse

At 4 PM Beijing time, the DeFi project Yam Finance (YAM) experienced a sharp crash of 98.8%. YAM, which reached a price of $160 yesterday, plummeted close to $1, triggering intense collapse discussions and dragging the entire DeFi sector tokens into a collective selloff. Recently surging governance tokens collectively retreated.