The revelation that the Walmart and Litecoin cooperation, which was announced in the past days, was a lie, caused fluctuations in the crypto money markets. The market faced a fluctuation of $ 100-120 billion in about 25 minutes. Litecoin investors were the most affected by this situation.
Cryptocurrency markets recently experienced one of the biggest manipulation events in history. GlobalNewswire The popular press release platform named Litecoin (LTC), one of the oldest cryptocurrencies in the industry, has made a great collaboration with Walmart. allegedly WalmartAs of October 1, it would start receiving payments with Litecoin.
This news was very important because cryptocurrencies are now finally available in the real world. available was becoming. However, within minutes, it turned out that this situation did not reflect the truth. After the aforementioned press release hit the headlines, he shared a post on his Twitter account and Litecoin management announcing the decisiondeleted this post. Walmart, on the other hand, made a statement on the subject and claimed that the information was not correct and that they did not prepare the press release themselves. What do you think happened in this process that lasted for approximately 25 minutes?
There was a fluctuation of around 120 billion dollars in the market
The collaboration between Walmart and Litecoin, which is said to have made, suddenly moved the markets. So much so that the markets, with the service of the news Fluctuated as much as $100-120 billion. In particular, Litecoin got its share from this wave. From $175 in as little as 17 minutes Rising to $233 Litecoin later declined to $178. Novice traders entering Litecoin from the top how much damage It’s impossible to even guess.
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The incident did not only lead to loss of money on Litecoin. So that the cryptocurrency markets total size It made a splash with the news. The total market size, which was 2 trillion 28 billion dollars before the news, reached 2 trillion 124 billion dollars with the news. If the news is found to be false, it will increase the total market size. 2 trillion 4 billion dollars decreased as much. In this process, while some profited, others lost a large amount.
This is how the price fluctuation in Litecoin reflected on the charts
Source :
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