Bitcoin Flash Crashes, Trump Code Dumps, and Exchanges Halt?

Bitcoin Flash Collapse Shakes the Market

In an astonishing turn of events, Bitcoin price fell from $106,000 to $100,000 Within minutes earlier today. The flash crash sent shockwaves through the market, wiping billions off market value.

• Size Height: The collapse was accompanied by a massive spike in trading volume, indicating a major liquidation event.
• Investor reaction: Traders are scrambling to assess the causes, with speculation ranging from whale sell-offs to technical issues at major exchanges.

Despite the decline, Bitcoin has already begun to show signs of recovery, hovering around $101,500 at press time.

BTC/USD 30-Minute Chart – TradingView

Donald Trump’s symbol has taken a hit

In addition to the market drama, Donald Trump Meme Coin ($TRUMP) Experienced a flash crash of its own. Reports indicate that one major wallet dumped a large number of tokens, sparking panic among holders.

• What happened? The wallet in question did not obtain these tokens through purchase, raising concerns about potential exploitation or insider activity.
• Market reaction: Trump’s price fell from $72 to $44, a steep 36% drop, leaving investors on edge.

While the cryptocurrency community speculates on the cause, this incident raises questions about the stability of prominent cryptocurrencies.

Melania Coin crashes on Jupiter Stock Exchange

Meanwhile Melania Trump It made headlines With the launch of its own meme currency, Melaniawhich rose to over $8 shortly after its debut. However, the launch was not without its hiccups:

• Exchange Jupiter Down: Decentralized exchange Jupiter, a major platform for exchanging Solana tokens like Melania, experienced service outages as users flocked to the site to trade.
• Growing interest: More than 22,000 wallets now hold MELANIA tokens, with a fully diluted market cap exceeding $8 billion. You can learn more about Melania Coin and how to buy it here.

Fake wallet faces overload amid Melania’s coin craze

the Fake walleta leading cryptocurrency wallet based in Solana, is experiencing unprecedented activity following the launch of Melania Trump’s meme coin. Reports indicate that Phantom is taking over 8 million requests per minuteWhich causes the wallet to fail to load and disrupt transactions.

• User impact: Many users have taken to social media to report difficulties accessing their wallets and completing trades, as the rise in activity strains the platform’s infrastructure.
• Illusion response: The company has acknowledged the issue and stated that it is actively working to stabilize the platform and restore normal functionality.