IDEX Drops 473.23% in 24 Hours Amid Sharp Short-Term Volatility
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最新报道：IDEX token plunged 47.3% within 24 hours amid extreme short-term volatility, dropping from $0.23 to $0.12 before partially recovering to $0.15. The decentralized exchange's native token experienced this dramatic swing despite no major platform updates or security incidents. Market analysts attribute the sudden price action to low liquidity and concentrated whale holdings, with on-chain data showing large sell orders triggering cascading liquidations. IDEX CEO Alex Wearn acknowledged the volatility but emphasized the platform's fundamentals remain strong, noting upcoming V3 protocol upgrades aim to improve market stability. The exchange continues normal operations with no disruptions to trading or withdrawals during the price turbulence.
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