THE RISE AND FALL OF WEBDOLLAR AFTER A SURGE OF 180,000%

[H2O]

The cryptocurrency known as the WebDollar (WEBD) had a price of $0.0003834 before the above-mentioned surge amounting to $0.7128. Now that’s a whopping 185,000 percent price jump. Such activity happened in a short span of just three hours, not to mention that within this period about $7.65 billion went into the cryptocurrency market on Monday.
Truly, this is one of those wild price activities as it was documented by CoinMarketCap that the first jump happened at 9:54 GMT where WebDollar’s market capitalization rose from $1.84 million to $1.5 billion at around 9:59 GMT – five minutes is all that took. It then plunged to $5.12 million at 10:39 GMT and rose again to a new high of $9.5 billion at 11:29 GMT.
WebDollar’s fame was short-lived, however, when the digital currency’s market valuation came tumbling down to just $10.38 million as of 7:00 GMT on Tuesday. In less than a couple of hours, that’s a steep decline of 99 percent.
During WebDollar’s short reign, the said digital asset’s ranking went as a high #17 in terms of market capitalization. As of writing, the token is on the 967th spot at $0.0006266 with a market cap of $8.3 million.source