{"id":138816,"date":"2024-10-07T17:30:00","date_gmt":"2024-10-07T14:30:00","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=138816"},"modified":"2024-10-07T15:21:33","modified_gmt":"2024-10-07T12:21:33","slug":"bitgets-token-plunges-over-50-exchange-promises-full-compensation","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitgets-token-plunges-over-50-exchange-promises-full-compensation\/","title":{"rendered":"Bitget&#8217;s Token Plunges Over 50%, Exchange Promises Full Compensation"},"content":{"rendered":"<p>This drop of over 50% in just five minutes caused considerable concern among traders, sparking speculation about the potential causes.<\/p>\n<p>In response, Bitget quickly <strong><a href=\"https:\/\/x.com\/bitgetglobal\/status\/1843161739350925628?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">announced<\/a><\/strong> a compensation plan for affected users, committing to fully cover all losses and provide additional details within 24 hours, and completing the process in 72 hours.<\/p>\n<p>The sudden volatility, which lasted about ten minutes, raised questions about possible causes such as low liquidity, market manipulation or technical problems.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/crypto-project-liquidates-9-5-million-in-eth-amid-ongoing-sales\/\" title=\"Crypto Project Liquidates $9.5 Million in ETH Amid Ongoing Sales\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/01\/eth12312321321-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Crypto Project Liquidates $9.5 Million in ETH Amid Ongoing Sales<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Market conditions during the event were sluggish, potentially influenced by Asian holidays such as Golden Week, which often affect liquidity and trading activity.<\/p>\n<p>Ryan Lee, principal analyst at Bitget Research, stressed that the price decline should be viewed in a broader context. He pointed out that despite the temporary downturn, BGB has shown impressive growth, increasing by over 130% in the last year. Lee attributed this performance to strong community support and innovation in the Bitget ecosystem, which have helped the sustainability and long-term potential of the token.<\/p>\n<p>Bitget has also announced plans to optimize margin positions, risk management strategies and liquidation mechanisms to enhance trade safety and prevent future incidents like this one.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On October 7, Bitget&#8217;s native BGB token experienced a serious crash, falling from $1.14 to just over $0.53 in a matter of minutes before partially recovering to $1.<\/p>\n","protected":false},"author":3,"featured_media":114125,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-138816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitget&#039;s Token Plunges Over 50%, Exchange Promises Full Compensation<\/title>\n<meta name=\"description\" content=\"On October 7, Bitget&#039;s native BGB token experienced a serious crash, falling from $1.14 to just over $0.53 in a matter of minutes...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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