TITAN, a token used on so-called DeFi (decentralized finance) has soared over 700% on Tuesday.
According to Slingshot, a price tracker, the token was trading at 0.000001018 at the time of writing this report.
This shows a 779.02% increase in price in the last 24 hours and up over 4,000% since the crash.
Recall that Cryptocurrency market was rattled on Thursday 17 June, as TITAN, collapsed from $65 to zero in less than 24 hours.
On the afternoon of Wednesday 16 June, the cryptocurrency was trading for $65. As of 11 A.M. ET on Thursday, it was going for $0.000000024, according to Slingshot.
The crash was said to be caused by sell-off from large whales which lead to panic sales by other holders of the token.
Iron Finance the owner of TITAN said at the time that the near-total collapse in the price of TITAN was “the world’s first large-scale crypto bank run.” It added that it has “learned a lot from the incident.”
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
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