ALPACA Price Flash Crash, Plunges Over 50% in 5 Minutes
BlockBeats News, April 30, according to market data, ALPACA spot price experienced a flash crash, plunging over 50% in 5 minutes, temporarily dropping to around $0.50 and has now rapidly rebounded to $0.7567.
The ALPACA Long/Short Attack introduces a new approach for market makers to manipulate prices by taking advantage of high volatility. In this context of high volatility and the concept of "price manipulation," what insights can we derive from it?