Yearn.finance faces capitulatory decline as investors remove the "Cronje premium"

Part of this current technical weakness has undoubtedly come about as a result of the recent controversy surrounding Eminence - a project created by Yearn founder Andre Cronje.

Although the contract for this project was under development, some users began manually minting tokens by depositing DAI. Unfortunately, an exploit led these return-hungry investors to lose their deposit crypto.

It still rocked investors' faith in him, with their bitterness sparking the downtrend that is still leading Yearn.

One crypto-focused economist is even noting that this ongoing downtrend is the markets way of "Removing the Cronje premium" from YFI's price.

Finance sees sharp selloff as it reels below $20,000.

Economist: YFI's downtrend is the market's way of "Removing the Cronje premium".

Alex Krüger - a respected crypto-focused economist - spoke about the ongoing Yearn.

Finance selloff, explaining that he believes this is coming about due to investors removing the "Cronje premium" from its market dynamic.

"YFI has been getting Creamed. Recent underperformance relative to other cryptos has been notable. One could argue it is the chart. But it is not. One can find plenty equally poor charts across crypto. This IMO is the marketplace punishing YFI by removing the Cronje premium."

Finance's token is seeing a slight rebound at the present moment, it remains unclear as to how long-lasting the impacts of investors waning confidence in the project will be.