The on-record pace growing token Ether’s value that topped over 3500% in 2017, crashed down to approx $13 on Wednesday on GDAX.
Based on the data from GDAX, just as it was trading for $317 – ether’s price flattens to $13 at 20:30 UCT.
- Fom GDAX page:
Investigating – We’re currently investigating sign in issues on GDAX.com, as well as the cause of rapid price movement on the ETH-USD order book. We have disabled further margin funding for the time being.
Jun 21, 12:53 PDT
Update – Trading is disabled for ETH-USD while we investigate this issue. We are also investigating reports of sign in issues on GDAX.com.
It happened while the second largest blockchain after bitcoin – Ethereum Network had an unparalleled rise of activity. On June 20, the network reached 300,000 transactions, according to data from Etherscan.
Some Ethereum adopters have pointed the finger squarely at ICO token sales, a radical new crowdfunding model powered by cryptocurrencies that have proven to be enormously successful in recent months.