Crypto Carnage: OKB Flash Crash Wipes 25% Off Value In Minutes – Here’s What Happened

Crypto Carnage: OKB Flash Crash Wipes 25% Off Value In Minutes – Here’s What Happened

[ad_1] Yesterday, the cryptocurrency market went through a tumultuous ride, witnessing an overall dip of 5%. However, amidst the chaos, one token stood out: OKB, the native token of the OKX exchange. It experienced a dizzying flash crash followed by a remarkable recovery, leaving investors shaken yet surprisingly hopeful. In a span of 30 minutes, … Read more

Crypto Exchange OKX's Token Suffers 50% Flash Crash Amid Liquidation Cascade

Crypto Exchange OKX's Token Suffers 50% Flash Crash Amid Liquidation Cascade

[ad_1] Flash crashes are common in crypto markets as thin liquidity is often distributed across multiple venues. Two percent market depth, which measures the amount of capital required to move an asset by 2%, is between $224,000 and $184,000 for OKB, meaning that a sell order of more than $224,000 could cascade price again. [ad_2] … Read more