The Waves rate on the Binance Exchange suddenly collapsed by 99.9%

On the morning of April 17, the price of the Waves token on the Binance Exchange experienced one of the most dramatic collapses in the history of cryptoindustry, plummeting to 10 Satoshi (0.0000001 BTC). Immediately after that, the Waves price returned to previous levels in a matter of seconds, reports Chepicap .

The reasons for such a sharp fall remain unclear, but it is noteworthy that the collapse occurred amid a sudden jump in trading volumes at Binance by $ 530,000. At the same time, other stock exchanges where Waves is traded did not show a similar picture.

What happened was the subject of lively discussions among traders, some of whom, it is possible, could get a really big profit – up to 5,200%. So, user CryptoBitcoinChris joked that Waves probably found its bottom, and there is an opportunity to get free coins.

Looks like $ WAVES found its bottom. #LifeChangingMoney #CryptoFlashCrash pic.twitter.com/RS3jeaBDuk

– CryptoBitcoinChris (@CryptoBTC_Chris) April 17, 2019

Another user suggested that placing “very low purchase orders” can be a really good idea.

Why keep some stupidly low buy orders? https://t.co/eNuBNfjQLh

– Emptybeerbottle (@Fullbeerbottle) April 17, 2019

Binance representatives have not yet commented on the incident. At the time of publication, Waves is traded on Binance in the region of 0.00051 BTC .

Recall that last month Waves Platform restarted the official website of the project and announced a gradual transition to the concept of Web3.0.

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