"The native token of the gaming platform Aria nosedived for the second time in less than a week, moments after hitting a fresh all-time high. Unlike April 9, when the asset plunged by more than 80%, the token, ARIA, fell from its April 14 peak of $1.12 to $0.09 in just four hours."
"According to Coinclass data, ARIA price volatility exceeded 115.51% on Wednesday, triggering the liquidation of more than $7.1 million in long positions. Total liquidations reached $11.9 million, with the largest single liquidation on the token valued at $407,852."
"The collapse caused ARIA's market capitalization to drop from a Monday peak of $215 million to $20.8 million. As previously reported, ARIA experienced similar price action last Thursday when the token suddenly plunged from its then-all-time high of $0.78 to $0.11 in one hour."
The ARIA token, associated with the gaming platform Aria, experienced a dramatic decline of over 90% from its peak of $1.12 on April 14, reaching a low of $0.09. This marked the second significant crash within a week, following a previous drop of more than 80%. The volatility led to $11.9 million in liquidations, with claims of manipulation surfacing as eight wallets reportedly dumped 45.64 million ARIA. The market capitalization fell from $215 million to $20.8 million, raising concerns about the platform's unverified code.
Read at news.bitcoin.com
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