Hunter Biden’s LAPTOP blames bots after 98% crash as traders rack up six-figure losses

The team said thin liquidity and automated traders distorted the launch, while Nansen data showed some early buyers sitting on six-figure losses after the memecoin’s debut.

The top 3

  1. Terra (LUNA) Ecosystem Collapse: In May 2022, the Terra (LUNA) ecosystem experienced a catastrophic collapse, with its algorithmic stablecoin UST de-pegging and LUNA's price falling from $116 to near zero, wiping out over $40 billion in market value and triggering widespread liquidations. Terra (LUNA)
  2. FTX Exchange Bankruptcy: In November 2022, FTX, once the third-largest cryptocurrency exchange, filed for bankruptcy due to severe mismanagement and the commingling of funds with its sister firm Alameda Research, leading to billions in investor losses and a significant drop in Bitcoin's price. FTX
  3. Mt. Gox Flash Crash (2011): The Mt. Gox flash crash in June 2011 saw Bitcoin's price plummet by nearly 99% due to hackers compromising accounts on what was then the largest Bitcoin exchange, marking the largest percentage drop in Bitcoin's history. Mt. Gox

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