Altcoins Flash Crash on Binance

[chainsniff]

Enjin and Cosmos briefly crashed to $0.0000 and $0.001 on Binance as the platform struggled to handle extreme sell-offs following Trump’s 100% China tariff announcement.

Users reported being unable to hedge or close positions as order books froze, leading to massive losses. Binance confirmed technical delays but faced backlash over alleged disabled limit and stop-loss functions.

#AltcoinCrash #BinanceOutage #CryptoTrading

[kelson10]

That flash crash wiped millions in seconds — a reminder of how fragile liquidity can be during exchange instability.

[Nahid10]

Many traders faced losses they couldn’t prevent. Binance must improve safeguards before confidence erodes further.