A trader who placed an order for LINK on Binance in January 2019, got extremely lucky when the asset flash crashed today on Binance. The trader’s order partially filled allowing them to purchase 900K tokens at $0.0001 each.
A deal so good, it feels like a steal
— Binance (@binance) March 12, 2020
An order placed on the first day that Binance offered LINK trading, January 16th, 2019 was partially filled today allowing a lucky trader to buy 900K LINK tokens for around $90 dollars. The Chainlink asset has been one of the leading altcoins of 2020, and was trading at $4.68 at the beginning of this month.
Currently, the token is priced at $2.69, down substantially after the crypto market crash that took place over the last 24 hours. It was during this market crash that LINK had an exaggerated flash crash of its own, bringing its price down 99% for a few moments during the highest point of volatility. The order was so old, it was placed before Binance had price band restrictions.
Just checked, the buy order was put in 2019-01-16, the first day the LINK/USDT pair was added. We didn’t have the price band restrictions back then. We don’t cancel user orders. https://t.co/e1Xb2HRqot
— CZ Binance 🔶🔶🔶 (@cz_binance) March 12, 2020
It was during the LINK flash crash that a lucky trader was blessed with 900K LINK tokens for the amazingly low price of around $90 dollars. This is an epic windfall, as the token had been soaring due to rising partnerships with many DeFi projects who are wary of oracle manipulation attacks.