Large Market Cap Altcoins Still Unable to Escape Flash Crash Fate, XRP and DOGE See Biggest Drop of Over 53%

BlockBeats News, October 11: During this morning's crypto market "black swan" event, XRP (market cap $141 billion) and DOGE (market cap $29 billion), both in the top ten of the cryptocurrency market cap rankings, could not escape the fate of a flash crash, with the largest price drop exceeding 53% each; at the same time, the entire altcoin market experienced a "sea of blood" scenario, with the largest drop reaching 99%.

Currently, the crypto market has already rebounded and is gradually recovering from the downturn caused by the "black swan" event.