Why OKB, Axie Infinity, and Bitcoin Cash Flash-Crashed Today
It's been a wild and wacky day in the world of crypto once again. The overall crypto market has headed lower, with the aggregate market capitalization of all digital assets sinking more than 4% over the past 24 hours. However, certain notable tokens are piquing investor interest amid this decline. Among the top cryptos leading the market lower today are OKB (CRYPTO:OKB), Axie Infinity (CRYPTO: AXS), and Bitcoin Cash (CRYPTO: BCH). As of 3 p.m. ET, these three tokens saw declines of 11.3%, 7.1%, and 4.6%, respectively, over the past 24 hours.
Let's dive into what's driving today's outsized move in these three popular cryptocurrencies.
OKB saw the most dramatic drop, actually giving up 50% of its value in a flash crash earlier this morning. While many investors may be taking solace in the fact that this token has recovered a significant portion of these losses, and the team behind the OKX crypto exchange is investigating this crash, it's certainly a development that's worth paying attention to.
Source Fool.com
