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Mark Cuban 'Hit' by Titan Crypto Crash As Coin's Price Falls .
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A cryptocurrency called TITAN crashed on Wednesday, June 16, going from $60 per coin to nearly 0 in a matter of a few hours. As per reports, this sell-off frenzy of Titan Token was driven by a group of whales, who held the majority of Titan Token. Titan Token is a part of a cryptocurrency network called Iron Titanium.
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TITAN crash: Billionaire Mark Cuban caught in cryptocurrency .
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The Crash 36 hours ago the token was soaring in terms of prices. TITAN was valued at close to 10$ on June 11 and in less than 6 days, the coin jumped to peak at $65. This 84% spike was triggered by the hype generated around the coin’s mining protocol as well as promising value. TITAN/USD Price Movement
Cuban is a known cryptocurrency investor. The token, known as the IRON Titanium Token or TITAN, fell from over $60 on June 16 to a fraction over zero on Thursday morning, CoinGecko data shows. The.
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While all cryptocurrencies have been experiencing instability as of late, an extreme crash for the mainstream coins is unlikely. Getty Images When a cryptocurency token called titan dropped from.
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The explanation from Iron Finance is that when TITAN crypto hit $65 and then pulled back to $60, some major investors got spooked and the selling began. But the idea that a 7.7% decline in value was enough volatility for major crypto investors to collectively (and independently of one another) jump ship sounds a little far-fetched.
Titan Token – one of the cryptocurrencies under Iron Finance’s belt, crashed to almost $0 in a sudden DeFi ‘bank run’. The field of decentralized finance is one where there’s a non-zero chance of protocol failure. In other words – scams, exploits, rug pulls, and whatnot are something to be constantly vigilant about.
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Why 'titan' crypto crash that burned Mark Cuban may not .
As evidenced by the TITAN crash, cryptocurrencies are highly volatile, so the value of your cash can go down as well as up in the blink of an eye. Newer cryptocurencies are also typically riskier than older ones, such as Bitcoin, and make you more open to scams. 5 risks of crypto investments
Iron Finance's Titan Token Crashes to $0 In a Sudden DeFi .
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2:33pm Jun 22, 2021 Maverick billionaire Mark Cuban was among investors burned in a spectacular crypto crash which saw the cryptocurrency TITAN slide from $60 to $0 in less than one day. One unproven theory is the TITAN crash was a "rug pull", where the developer of a cryptocurrency abandons the project and runs away with investors' funds.
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Where to buy Titan Token? Know why Titan crashed from $60 to .
What is TITAN and why has the price crashed?