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On June 21, 2017, an Ethereum "flash crash" sent cryptocurrency owners into a full-fledged panic. The Ethereum price crashed to a low of $0.10 from $319 on the GDAX cryptocurrency exchange. Shortly after the event, GDAX Vice President Adam White wrote in a June 21 blog post that there were no indications of wrongdoing.
The temporary crash, which reportedly took place in a matter of seconds, was caused by a common multimillion-dollar sell order.
More on that in just a bit.
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The GDAX exchange allows investors to buy and sell digital currencies. It also allows traders to buy on margin and place stop-loss orders on the