09-07-2021, 10:39 AM
Someone just market sold 17 million ADA. Price crashed 9%, all exactly in 2 minutes.
<!-- SC_OFF --><div class="md"><p>1 Hour ago, a single person dumped 17 million ADA in a span of 2 minutes. Price dumped 9%, 32M$ in longs got liquidated. That was 100x the normal volume. That was mostly due to most coins are being stacked already an not on exchanges. However, ADA is a strong coin and that dip just got eaten up. Price recovered 7% in just under 5 minutes. RIP those who used leverages. Oh nvm this lead to a heavier dump</p> <p>​</p> <p>I am actually interested what was the point of dumping this volume in so little time. Usually people with big bags sell over time to avoid market slippage.</p> <p>​</p> <p><del>P.S don't mind me dumping my stacking rewards this epoch, I will give you guys a heads up next time.</del></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Internet-Top"> /u/Internet-Top </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pjinw7/someone_just_market_sold_17_million_ada_price/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pjinw7/someone_just_market_sold_17_million_ada_price/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>1 Hour ago, a single person dumped 17 million ADA in a span of 2 minutes. Price dumped 9%, 32M$ in longs got liquidated. That was 100x the normal volume. That was mostly due to most coins are being stacked already an not on exchanges. However, ADA is a strong coin and that dip just got eaten up. Price recovered 7% in just under 5 minutes. RIP those who used leverages. Oh nvm this lead to a heavier dump</p> <p>​</p> <p>I am actually interested what was the point of dumping this volume in so little time. Usually people with big bags sell over time to avoid market slippage.</p> <p>​</p> <p><del>P.S don't mind me dumping my stacking rewards this epoch, I will give you guys a heads up next time.</del></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Internet-Top"> /u/Internet-Top </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pjinw7/someone_just_market_sold_17_million_ada_price/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pjinw7/someone_just_market_sold_17_million_ada_price/">[comments]</a></span>Kind Regards R