This unknown cryptocurrency soared by 164,842% in hours, only to crash 99%

This unknown cryptocurrency soared by 164,842% in hours, only to crash 99%

One random cryptocurrency's market valuation jumped by billions of dollars in just three hours, reaching the 17th spot on the top crypto index. About $7.65 billion entered the cryptocurrency market in just three hours via a widely unknown altcoin on June 14.Dubbed as WebDollar (WEBD), the token's per-unit price surged from $0.0003711 to $0.6121 between 0900 GMT and 1200 GMT. That marked a little over 164,842% gains in its market valuation. Nevertheless, the price spike accompanied declines in volumes; they dropped from around $345.2K to $318.94K during the rally.Breaking down those three....


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