If you're asking why the XVS coin dropped, a serious exploit occurred in the Venus protocol in recent weeks. Someone found a vulnerability in the Thena marketplace and left approximately $2.15 million in bad debt, causing the token to fall over 9%. Interestingly, the attacker accumulated THE tokens over nine months and then suddenly invested a massive amount, causing the price to increase 3.8 times.

No, this was not a flash loan attack. The attacker collateralized THE and borrowed other assets, then bought more THE, raising the price from $0.26 to $0.56. But after selling, THE dropped 17%, and liquidations began. The exit value is estimated to be between $3.7 million and $5.8 million.

Venus management said "there was no vulnerability" but started fixing the code. They stopped lending THE, reduced the collateral value to zero, and tightened rules in other risky markets. Most of the damage was limited to THE, with minimal impact on CAKE. The losses will be covered through the Venus risk fund. Currently, the XVS price is around $2.60, and THE is trading at $0.10.