Flash crashes are common in crypto markets as thin liquidity is often distributed across multiple venues. Two percent market depth, which measures the amount of capital required to move an asset by 2%, is between $224,000 and $184,000 for OKB, meaning that a sell order of more than $224,000 could cascade price again.
Juiced USDS Yields Woo Solana Traders to Sky’s Stablecoin
The heady growth is about as preordained as anything could be in DeFi. Sky is spending $2 million a month...