The "SUSHI rug pull" is a gripping drama in the fast-moving arena of decentralized finance, which apparently is still limited to crypto geeks.
SushiSwap experienced a tumultuous weekend after its founder sold $13 million' worth of his stake in the project before turning the reigns over to investor and FTX CEO Sam Bankman-Fried.
Uniswap competitor SushiSwap has aggressively moved up its massive withdrawal from its rival's liquidity pools, and may go live this weekend.
Uniswap is now at the top of DeFi Pulse with $1.65 billion in total value locked. Sources say the surge is driven by a new Uniswap competitor, SushiSwap.
Traders are optimistic bitcoin’s price can sustain $12,000 while crypto locked in Uniswap has exploded in the past week.