ENSO Token Suffers Dramatic Price Drop on Upbit Exchange

The cryptocurrency market has experienced another dramatic event, as the ENSO token suffered a significant price drop on Upbit exchange.

The flash crash occurred at approximately 12:15 p.m. UTC and saw the ENSO price plummet from 3,970 won to around 2,820 won in just 20 minutes, with trading volume spiking to nearly 300% of the daily average.

Market analysts have noted that the incident may be attributed to a combination of factors, including low liquidity, automated trading, and potential large holder liquidation or market manipulation.