Ethereum Flash Crashes By 96% After Status ICO Clogs Network

[NarrowBandFtw]

Source: Ethereum Flash Crashes By 96% After Status ICO Clogs Network

While Bitcoin, and recent Chinese and Korean momentum favorite, Litecoin, have been relatively stable for much of the day, Ethereum suffered dramatic losses on Wednesday, sliding from $360 to $260 before rebounding, in the process experiencing what may have been its first flash crash, when it plunged by 96% from $315 to $13 on massive volume, before rebounding.

The crash appears to have been catalyzed by seller submitting a market order to dump roughly $30 million worth of ETH (96.1k) in one go, which obliterated the order book.

 

[grok]

Should've bought at 13..

 

[Thor]

Should've bought at 13..

:crylaugh:

I bought at $8... Flash crash ain't got shait on me.

 

[Praemon]

Maybe the seller needed some money for the Steam sale.

 

[Solitude]

:crylaugh:

I bought at $8... Flash crash ain't got shait on me.

I was hoping it would crash more. I had a buy order just before it started going up again.

 

[PPLdude]

http://www.cnbc.com/2017/06/22/ethe...exchange-after-multimillion-dollar-trade.html

13? 0.10?

Pick one

 

[F1 Fan]

I was hoping it would crash more. I had a buy order just before it started going up again.

Which site are you using for transacting?

 

[Raees123]

From what i read it crashed to 0.1 but the lowest buy on Ethereum was 13

 

[Solitude]

Which site are you using for transacting?

https://www.bitfinex.com/