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Benzinga
Benzinga
Business
Samyuktha Sriram

'Russian Ethereum' Waves Crashes 23% Amid 'Ponzi Scheme' Allegations

Waves United States Sam Bankman-Fried

The native token of the Waves (CRYPTO: WAVES) blockchain project fell by more than 23% on Tuesday.

What Happened: According to data from Benzinga Pro, WAVES fell to an intra-day low of $32.84. After rallying more than 200% in March, the token has seen a massive decline over the last week.

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