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It was actually a cascade - the market sell brought it down to 224, but then there was a crush of margin calls and market stop loss orders, which triggered all

by DiNovi 9y ago

It was actually a cascade - the market sell brought it down to 224, but then there was a crush of margin calls and market stop loss orders, which triggered all the way down to 10 cents. Wish I was there to scoop some!

alimbada 9y ago
Yep, someone who bought ETH during the pre-sale cashed out (https://etherscan.io/address/0x7d551397f79a2988b064afd0efebee802c7721bc https://etherscan.io/address/0x7d551397f79a2988b064afd0efebe...) which then triggered the cascade.
- DiNovi 9y ago
  I don't think it was confirmed this was the person, or was it?
- samkxu 9y ago
  Please stop spreading this misinformation. If you look at the transaction, the only thing that happened was using the safe split contract which essentially gives the owner equivalent ETC.