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BNSD Is One Of The Most Recent Yield Farming Tokens To Take Off, But It Has Already Faced A Steep Correction

Emily Mason

Summary: BNSD Finance's token skyrocketed by over 3,000% on Sunday, September 6 from $0.006 to $0.2433, data from CoinGecko shows. At the time of writing the yield farming token is up 31.5% and is trading hands at $0.092. It's trading volume stands at nearly $3 million marking it as one of the most popular DeFi coins ...

BNSD Finance's token skyrocketed by over 3,000% on Sunday, September 6 from $0.006 to $0.2433, data from CoinGecko shows.

At the time of writing the yield farming token is up 31.5% and is trading hands at $0.092. It's trading volume stands at nearly $3 million marking it as one of the most popular DeFi coins of the moment. It is being traded the most frequently on UniSwap.

The token's near overnight success demonstrates the volatility of yield farming coins which can quickly grab the attention of the community, but then lose it just as quickly. While BNSD is still making gains for the day, it has lost over 46% from its all-time-high price recorded yesterday.

By Emily Mason

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