Wu Blockchain (@WuBlockchain): Early this morning, many altcoins on Binance experienced sharp crashes of over 90%, with IOTX briefly dropping to $0. Arthur Hayes, co-founder of BitM…
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
- IOTX-80Negative
Early this morning, many altcoins on Binance experienced sharp crashes of over 90%, with IOTX briefly dropping to $0. Arthur Hayes, co-founder of BitMEX, commented that market rumors suggest major centralized exchanges (CEXs) automatically liquidated collateral tied to cross-margin positions, which triggered the steep declines in many altcoins. He added that prices of many high-quality altcoins are unlikely to revisit those lows anytime soon. https://t.co/dGtL2ezIYi