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Some Crypto Tokens Plunge 50% Within Minutes on Binance Amid Suspected Trading Bot Glitch

CoinDesk LogoCoinDesk1d ago

Some Crypto Tokens Plunge 50% Within Minutes on Binance Amid Suspected Trading Bot Glitch - CoinDesk

Quick Summary:

Low liquidity and massive sell orders likely led to the market imbalance.

Early reactions on X ranged from surprise to speculations of a market-making bot possibly causing the declines due to a misconfiguration on how they trade, though CoinDesk could not independently confirm the allegations as of writing time.

The tokens are not related or in the same sector.

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Some Crypto Tokens Plunge 50% Within Minutes on Binance Amid Suspected Trading Bot Glitch - CoinDesk (Picture 1)

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Article Details

Author / Journalist: Shaurya Malwa

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-01 @ 11:46:19 (1 days ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 161 words

Reading Time: 1 minutes read

Sentences: 36 lines

Sentence Length: 5 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 27513015

View Article Analysis

About CoinDesk

CoinDesk Logo

Main Topics: Crypto

Official Website: coindesk.com

Update Frequency: 37 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #8

Publisher Details

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The story "Some Crypto Tokens Plunge 50% Within Minutes on Binance Amid Suspected Trading Bot Glitch" has 161 words across 36 sentences, which will take approximately 1 - 2 minutes for the average person to read.

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The story "Some Crypto Tokens Plunge 50% Within Minutes on Binance Amid Suspected Trading Bot Glitch" was covered 1 days ago by CoinDesk, a news publisher based in United States.

How trustworthy is 'CoinDesk' news outlet?

CoinDesk is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 37 news stories per day.

It's most recent story was published 8 hours ago.

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  • News ID: #27513015
  • URL: https://chronographically.beamstart.com/news/some-crypto-tokens-plunge-50-17435084171133

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