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Large cap alts still cannot escape the fate of flash crash, XRP and DOGE saw their maximum fall exceed 53%.
On October 11, during the "black swan" event this morning, XRP (market capitalization of 141 billion USD) and DOGE (market capitalization of 29 billion USD), which are both in the top ten of the crypto assets market capitalization rankings, could not escape the fate of a flash crash, with the maximum drop exceeding 53%; at the same time, the overall altcoin market experienced a "river of blood" scenario, with the largest drop reaching 99%. Currently, the crypto market has warmed up and is gradually recovering from the decline caused by the "black swan" event.