Source: Coindesk.com
Lack of risk management in financial bets by the Kujira Foundation led to a 55% drop in KUJI token prices within 24 hours. Liquidations of leveraged positions by Kujira's operational wallet resulted in significant losses and further price declines. Kujira plans to establish a DAO to manage its treasury and core protocols, aiming to reduce
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The post "Kujira Foundation's Tokens Stung by Its Own Leveraged Positions as Bets Backfire" appeared first here Coindesk.com.
Source: Coindesk.com
