On the Colend lending protocol, a cascade of liquidations triggered by a large-scale sell-off caused the CORE token to plummet 50% within 24 hours. The Core DAO team stated that this crash was a "market-driven event" rather than a technical failure, as a large number of sell orders led to leveraged liquidations. Although analysts compared this crash pattern to previous market collapses, concerns about transparency and the whale sell-off of nearly 3 million tokens have also arisen. The Core Foundation and Colend team are closely monitoring the situation to maintain orderly operations.