Waves has experienced an instant collapse to 10 Satoshi on the Binance exchange The price of the Waves cryptocurrency on the Binance exchange this morning reached a bottom - as a result of an instant collapse, its price at some point was 10 Satoshi or 0.0000001 BTC. After that, it just as quickly returned to the previous level above 0.0005 BTC.

Waves experienced an instant crash to 10 satoshi on Binance

The price of the Waves cryptocurrency on the Binance exchange this morning reached a bottom - as a result of an instant collapse, its price at a certain moment was 10 Satoshi or 0.0000001 BTC. After that, it just as quickly returned to the previous level above 0.0005 BTC.



Until the end, the circumstances of today's incident are not clear. We only know that the drop occurred against the backdrop of a sudden jump in trading volume by $ 530,000. Representatives of Binance have not yet commented on the situation. On other exchanges, similar phenomena were not observed at the specified time.

One Twitter user noted that today's example demonstrates the feasibility of placing "stupidly low buy orders." Others have questioned the veracity of Binance's orderbook liquidity data..

A similar situation arose on the Coinbase exchange in June 2017, when, as a result of an instant collapse, the Ethereum rate dropped from $ 320 to $ 0.10, after a trader sold 35,000 ETH at a time. Later, an analysis of the order book of the exchange showed that one of the trading participants was lucky enough to purchase 3,809 ETH at $ 0.10 per unit.

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