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Gate.io Platform: ALPACA Perpetual Contract Price Flash Crash, Drops Over 50% in 10 Minutes

4 hours ago

On April 30th, the Gate.io platform witnessed a flash crash in the prices of ALPACA perpetual contracts. The prices dropped by more than 50% within 10 minutes, reaching a low of $0.4337 at one point. It has now rebounded to $0.7476. The spot price of ALPACA on this platform is currently at $1.20. Meanwhile, on the Binance platform, the price of the ALPACA perpetual contract is currently at $1.13, and the spot price is at $1.06.

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