Ethereum Flash Crash and Delays. What's Going On?
Hey guys, it's the voice of the blockchain, Satoshi's big cousin, cryptography's finest, Champagne Crypto here, thanks for tuning, in.
Today I want to talk about the Ethereum flash crash and transaction delays.
Yesterday Ethereum experience a flash crash after someone dumped 39,000 Ether on the network. The price of Ethereum quickly recovered but Coinbase has suspended ETH withdrawals and other exchanges continue to experience transactions delays.
What's goin on? Are billionare whales testing the market? Market manipulation by big banks? Collusion by coinbase and GDAX? Or was an honest system glitch? Leave a comment below.
Related links:
Ethereum crashed from $319 to 10 cents in seconds on one exchange after ‘multimillion dollar’ trade
http://www.cnbc.com/2017/06/22/ethereum-price-crash-10-cents-gdax-exchange-after-multimillion-dollar-trade.html
BREAKING NEWS: Ether Flash Crashes To A Penny / Margins Wrecked On GDAX / Coinbase Investigating
REALIST NEWS - Ethereum Flash Crashes Massive 96% $13 on Coinbase Then Recovers
What the F**K Just Happened?
https://www.reddit.com/r/ethereum/comments/6io8u1/what_the_fuck_just_happened/
ETH wallet in question:
https://etherscan.io/address/0x7d551397f79a2988b064afd0efebee802c7721bc
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cool post and nice rescearch, didn't know it went to 10 cents XD would have been a good moment to buy if you JUST had known :P
thanks and keep that stuff coming :)
Thanks. Yes it was a great time to buy although most people couldn't get through. I'm sure a few crypto maniacs had a field day!
wow, that was kapoot, maybe someone just sold it to himself (because nobody was expecting he could have managed to buy it again) for a low price to see how that will effect :)
It Sounds Crazy but I did not even notice that it did a FLASH CRASH. I guess since I am not watching it 24/7 I can see how missed it. Just stay Positive and keep BOOMING with the Champagne Man.