Some crypto tokens fall 50% in a few minutes in Binance amidst the suspected trading bot glitch
Multiple tokens cratered nearly 50% within a 30-minute crypto exchange Binance on Tuesday, along with market observers wondering if an illusion that trading bot can cause rejection.
Law I, the prediction (act) fell 50%, Dexe (Dexe) fell 30% and Dforce (DF) fell nearly 20% in minutes after 1100 UTC on Tuesday, data from Binance shows, with no immediate catalyst or explanation behind the sudden collapse.
Tokens are irrelevant or in the same sector. The data showed a climb to the sale of volumes that were almost around the same time, with no other tokens in Binance seeing similar spikes in the sale of volumes.
The cascade spreads to other exchanges, along with these tokens worth of value to other centralized exchanges as well as in decentralized exchanges.
Early Reactions to X echoed From surprise to the speculation of a bot that makes the market possibly cause a decline because of a delusion about how they trade, even if CoinDesk is not independent of confirming allegations such as writing time.
