Category: Price Crash

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Friend.tech Native Token Tanks 50% After Biggest Whale Dumps

Friend.tech native token $FRIEND fell 50% on May 3 after its debut as the largest whale dumped their holdings. Meanwhile, users couldn’t access their airdropped tokens. As BaseScan data shows, within hours of the airdrop, the largest holder, “Murphys1d,” sold over 55,000 of the newly issued $FRIEND. This led to an immediate 53.3% drop in…
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OKB Flash Crash Wipes Out $6.5B In Minutes, OKX Vows to Reimburse Traders

The OKB flash crash on the OKX exchange wiped out billions in market value within minutes before a swift rebound. Image by Dennis, Adobe Stock. In a major crash that shocked traders, the OKB price dropped over 50% within 15 minutes on January 23, wiping out $6.5 billion in diluted market capitalization. The dramatic freefall…
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