CREAM Price Tumbles Following Rising Supply News

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CREAM Price Tumbles Following Rising Supply News

The decentralized lending protocol Cream Finance’s native token has fallen off a cliff following the news that the project aims to increase CREAM’s supply in order to compensate users affected by the recent hack.
At 9:46 UTC Monday morning, CREAM is trading at USD 50.23 per coin, down by 10.8% over the last 24 hours. It’s also down 45.3% in a week and by 86.5% compared to its all-time high of USD 317 recorded earlier this year in February, according to data by CoinGecko….
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