CORE, the native token of Core DAO, fell roughly 50% within 24 hours after a sequence of large market sell orders pushed the price down. Falling prices forced leveraged positions on Colend to hit liquidation thresholds, creating a rapid cascade of liquidations. On-chain observers flagged a wallet that allegedly sold nearly 3 million CORE (leaving it almost empty), fueling speculation of a whale-triggered dump. The Core Foundation and Colend teams say the protocol operated as designed and that the event was market-driven rather than a technical failure; most liquidated positions have reportedly been cleared and teams are working to stabilize the market.

The token experienced a ~50% price decline due to large sell orders that directly forced leveraged Colend positions into liquidation, producing a cascade. An on-chain wallet reportedly sold nearly 3 million CORE, and teams confirmed the event was market-driven and not a protocol failure; these facts indicate strong negative immediate price pressure and short-term trading risk.