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Someone sold $2 MILLION worth of $GIGA, dropping the price 85% https://t.co/yuGOqUQqZc
GIGA’s price plunged 85% after a whale dumped $2M in a single transaction, triggering a flash crash. The sudden sale highlights the volatility and risk of large transactions in smaller crypto markets. Source: CoinGecko https://t.co/k269iRKZM7
what just happened with $GIGA (one wallet sold for $2M in a single clip, tanking price -85%) goes to show you how violent things can & will get when the top is in, and the subsequent fear begins to hit that’s the real PvP secure your bags incrementally on the way up, my friends
The Solana-based memecoin $GIGA experienced a significant market downturn after a large transaction by a single trader. The market cap of $GIGA dropped from $614.76 million to $92.10 million following a $6 million dump by a trader. This transaction, which included a $2 million sale in a single clip, caused the price of $GIGA to plunge by 85%. The incident underscores the volatility and risks associated with large transactions in smaller cryptocurrency markets. According to CoinGecko, the sell pressure on $GIGA was notably high.
