Fat Fingered Traders

[cryptothief]

I happened to notice a massive spike in one of the coins I follow and did a bit of research to find out why. Apparently it was as simple as a fat fingered trade by an eager investor, and the price jumped by 900% for around 2 hours. Not a huge amount of volume, so guessing the damage was reasonably limited, but somebody's wallet is considerably lighter today.



Just goes to show the importance of checking your zeroes, not so important if you add an extra one, but a killer blow with one less.

[sugarchrisp]

Looks like a typical pump and dump but with a stronger correction than usual pump and dumps

[cryptothief]

Agree, that's what it looks like, but it wasn't. It was a genuine fat fingered trade, the mythical unicorn does exist; just a shame I didn't have a couple of crazy sell orders up, would've been a nice early Christmas present. I might have to put some in now just in case, but get the feeling it's like locking the stable door after the horse has already bolted. Feel a tad sorry for the chubby trader too, expensive lesson to learn.

[sugarchrisp]

Yeah, there was a time ETH dropped all the way to a few dollars for a brief moment.  Someone cleared the order book on selling and it was massive, prolly lost a few hundred grand with that mistake.

[sturec22]

do you think the same happened with Peepcoin?