#hifi Just now: 🚨🚨 In the last 24 hours, the prices of tokens such as $HIFI, #BMT, $CHESS, SOON, and OBOL on Binance have suddenly dropped — the most significant decline reached 37%.
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🔍 What happened and why
According to Binance Square, these five tokens lost a significant portion of their value over the course of a day — the largest drop was 37%, while the others fell by about 20–33%
🛠 Reasons for the decline:
1. HIFI — underwent a massive sell-off:
• The amount of locked funds in the protocol fell from $120 million to $40 million, daily revenue decreased by 70%
• “Whales” sold about 12 million HIFI (~$5 million), consuming liquidity and causing fluctuations, while the bid-ask spread increased from 0.5% to 3% – market depth worsened
• Negative news regarding weak fundamental indicators and the departure of the team also played a role
2. BMT, CHESS, SOON, and OBOL — also sharply declined, likely due to overall market weakness, increased liquidations, or “false” stop orders on Binance, triggering a selling avalanche
3. Binance marked HIFI as a high-risk token (Monitoring Tag), signaling increased volatility and possible compliance assessment – this heightened trader caution
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