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The Unbalanced Pricing of the Uniswap Pool
The Uniswap pool was set up on V3, which led to insane slippage. And I think it was very fragmented liquidity to begin with. So once people were like, a stampede of orders came in, like, so I'd imagine the liquidity at low prices got eaten up really fast. People who were trying to rush in with high gas, then suddenly start paying insane prices for it.