With status.im and all the recent ICO going nuts. Coinbase is down again and Ethereum Network clogged up, one panic trader decided to unload 100k worth of Ether. That is not 100k USD, its 100,000 amount of ETH. Ended up fulfilling all the orders on the exchange.
The cryptocurrecny tumbled from about $296 a coin to a low of $13 in a matter of minutes. The entire decline cannot be seen on the chart because it is a one-minute chart, and doesn't display every tick. It has snapped back up to it's pre-flash crash level. Ethereum is up about 3,601% so far in 2017.
Here are some crazy photos captured by the users.
That is nuts! I wish had the chance to buy it for 10 cents each lol
Yup, definitely crazy. Many others bought at 20USD as well, it was a crazy 1 minute.
I'm not looking forward to the outcome of this😢😢😢
Me neither.
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Guess it can pay out to place some ridiculous low orders and hope something like this ever happens again. Find it very hard to believe it went so low.
Yup, same here.
Thank you for replying on my post.