Wow, that's a dramatic market swing! It sounds like a massive dump of SOL tokens by a developer caused a flash crash, resulting in a 99.80% price drop in just seconds. The initial pump saw a 117x price increase in 55 minutes, followed by a swift and devastating collapse.
This event serves as a stark reminder of the volatility and risks inherent in the cryptocurrency market. No trader is immune to unexpected events like this, and it's crucial to stay vigilant and informed.
As always, it's important to do your own research, set realistic expectations, and never invest more than you can afford to lose. Stay safe out there, and keep an eye on market developments!
