Ethereum went from $ 319 to 10 cents in seconds with multi-million dollar sales order

Ethereum broke quickly in the overnight negotiations, but soon recovered practically all its losses.

Prices have fallen from about $ 317 to $ 0.10 in a matter of seconds at Coinbase-owned US brokerage GDAX, which has been blamed for a "multi-million dollar market sale order".

Adam White, vice president of GDAX, published on the broker's blog, highlighting what happened in the trading session on Wednesday. According to White, the multi-million dollar market sales order resulted in a number of orders submitted from $ 317.81 to $ 224.48.

As the price began to fall, another 800 stop loss orders and credit liquidations led to Ethereum trading at $ 0.10. White also noted that these negotiations are final and will not be undone.

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DropNews Team
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