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YFI prices gain 46% in four days after Yearn Finance buys $ 7.5 million

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Finance Finance (YFI) was one of the best performers in the crypto market this week, gathering more than 46% in four days to reach a two-week high of over $ 29,100.

the price chart for the day shows his four-day bull run. Source: TradingView

Profits appeared primarily as Yearn Finance revealed has been massively buying YFI since November, in response to a community vote, to improve the YFI token economy. The decentralized asset management platform bought YFI 282.40 at an average price of $ 26,651 per token – a total of more than $ 7.50 million.

Full value locked in Yearn Finance vaults. Source: DeFi Llama
YFI / USD three-day price chart with Fakeout range. Source: TradingView