Flash Crash: EOS, TRON [TRX] & Ethereum [ETH] drops by 5% in just under an hour!

The markets are bearish but in the past one hour, everything from Bitcoin to Bytecoin had a dramatic sell-off. Bitcoin is now trading at $7100, EOS has dropped by 5.24% in the past one hour to trade at $11.9 to a token. TRON [TRX] which held a strong ground so far has also crashed by 5% in the past one hour to trade at 6 cents.

Ethereum crashes down in the past one hour

Ethereum crashes to $518, drops by 6% in the past one hour – Above: One-Minute Candle stick.

Ethereum [ETH] was comfortably trading at $570 today morning at 04:00 UTC. After hitting a lot at $370 in April, ETH had recovered and was trading above the $800 mark earlier this month. At press time ETH was trading at $520 to a token with a market cap of $52 million.

Coinmarketcap: Top 10 currencies losing value in the past one hour

Coinmarketcap: Top 10 currencies losing value in the past one hour

Tron’s Main Net is just a two days away and according to certain analysts, the better part of the community was expecting TRX to hit 10 cents before 31st of May. EOS’ Main Net launches in four days and although the community didn’t expect a major pump in the last few days, few expected it to drop.

TRX at press time was trading at $0.063 to a token with a market cap of $4.2 million while EOS at press time was trading at $11.92 to a token with a market cap of $10 million.

TRX in a 15-minute chart shows the drop in the past two hours

TRX in a 15-minute chart shows the drop in the past two hours

Lewis Yang, a TRX “HODLer” spoke to AMBCrypto and says,

“We have stuck around long enough to understand the volatile nature of the market. Expect a pump the same way in dumped. Remember to buy when it dumps, it only makes you richer. With the Main Net and Utorrent news, there’s no way in hell that we’ll stay so cheap for so long”

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