Someone just market sold 17 million ADA. Price crashed 9%, all exactly in 2 minutes. Slowly recovering back up.

1 Hour ago, a single person dumped 17 million ADA in a span of 2 minutes. Price dumped 9%, 32M$ in longs got liquidated. That was 100x the normal volume. That was mostly due to most coins are being stacked already an not on exchanges. However, ADA is a strong coin and that dip just got eaten up. Price recovered 7% in just under 5 minutes. RIP those who used leverages. Oh nvm this lead to a heavier dump

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I am actually interested what was the point of dumping this volume in so little time. Usually people with big bags sell over time to avoid market slippage.

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P.S don't mind me dumping my stacking rewards this epoch, I will give you guys a heads up next time.