BlockBeats News, October 11th, Crypto influencer and Primitive Ventures co-founder Dovey Wan posted on social media speculating that the recent market crash was caused by a large institution (possibly a traditional trading firm using cross-margin) getting liquidated on the Binance platform.
While further analysis is needed, at first glance, the price of USDe on Binance dropped to 0.6 at one point, while prices on other exchanges remained relatively stable. Additionally, a significant divergence in volatility has been observed between tokens listed on Binance and those not listed on Binance.
