Ethereum (ETH) layer-2 scaling solution Arbitrum (ARB) scared investors with a 70% drop in the TrueUSD (TUSD) pair on Binance in a short time.
Binance, the world’s largest cryptocurrency exchange ARB/TUSD On Sunday, May 28, at 15.00 CET, an unusual event occurred in the trading pair. Arbitrum Within minutes on the TUSD parity in question 70% down $1,188 from the level for $0.353 as much as it declined. The price, which recovered quickly as it fell, soon returned to its former band.
During the short-term collapse, the trading volume of ARB/TUSD rose well above its normal course. 724 thousand ARBs rose to levels. Although the reason behind this worrying move is not fully known, some users trading bots or a deliberate attack claimed to have led to such a picture.
Binance has been the subject of similar events in the past. last year December Sudden in 5 altcoins in the month pump-dump movements were seen, and then Binance had to make a statement.
CoinGecko data in the last 24 hours 3.9% rising ARBat the time of writing from $1.25 is being traded.
