Crypto Crash: How a Tweet Wiped Out $600B in 30 Minutes

Crypto markets took a massive hit recently. All because of a tweet. Donald Trump posted something about tariffs with China. Within 30 minutes, crypto lost $600 billion. That's a huge drop. Many coins lost almost all their value. Some even dropped 99%. Cosmos and Ravencoin were among the worst hit. They crashed almost completely but later recovered a bit. This panic spread fast. Investors rushed to safer options like gold. They sold off risky assets, including crypto. Polkadot, Dogecoin, and Cardano all saw big drops. Even the token for Pudgy Penguins NFT collection fell hard. Binance had to pay $283 million to users who lost money.Some traders made big profits from this crash. One trader made over $190 million. They timed their trades just right. This made some people suspicious. They wondered if the trader knew about the tweet in advance. Crypto markets are connected in a special way. When one coin crashes, it can pull others down too. This is because of something called cross-margin collateral. It's like a domino effect. One. 6 million accounts were liquidated. One trader lost $44. 5 million in gains.