Cryptocurrency News
Ethereum price flash crashes to $950 on Uniswap as whale dumps 93K ETH
2022.06.13 20:11
Ethereum price flash crashes to $950 on Uniswap as whale dumps 93K ETH
Ethereum’s native token Ether (ETH) fell to as low as $950 on Uniswap—a decentralized crypto exchange— this June 13, about 20% lower than its spot rate across other exchanges.
The incident happened at around 3:00 am UTC after a whale dumped 65,000 ETH for multiple “stablecoins,” including USD Coin (USDC), Tether (USDT) and Dai (DAI).