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Cryptocurrency News

Ethereum price flash crashes to $950 on Uniswap as whale dumps 93K ETH

06/13/2022

Less than a minute

2022.06.13 20:11

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).

Source

06/13/2022

Less than a minute