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YFI price gains 46% in just four days after Yearn Finance’s $7.5M buyback -Breaking

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Yearn finance (YFIThe crypto market’s best performer this week was () which rallied more than 46% in four days and reached a peak of over $29,000.

Daily price chart with its 4-day bull run. Source: TradingView

Yearn Finance was the primary source of these gains. revealedIt has started buying back YFI en masse from November as a response to a vote by the community to increase the economics of the YFI token. The decentralized asset management platform purchased 282.40 YFI at an average price of $26,651 per token — a total of over $7.50 million.

Yearn Finance vaults contain the total value. Source: DeFi Llama
YFI/USD 3-day Price Chart with Fakeout Range TradingView