Reading time: ~2 m
Within an hour, the coin lost 98% of the price as a result of slippage on the PancakeSwap exchange
The rate of the AI cryptocurrency (AI DAY: PART II) increased by 19.9 thousand% in 12 hours in a pair to the wrapped BNB token (from 0.0011 to 0.22 WBNB). After that, it dropped 98% within an hour on the PancakeSwap platform, cybersecurity firm Peckshield said.
Analysts cited slippage as the reason for this collapse. This situation occurs when the final price of the transaction differs from the initial request, which happens when the market is unstable or not liquid enough.
Earlier, the native token of the blockchain game Dragoma DMA fell by 99.9%, from $1.8 to $0.0016. The project funds were transferred to centralized exchanges, the company’s website is no longer working, and social media channels have been removed.
#token #surged #hours