Friday’s Crypto Crash: The Viral Theory Behind What Really Happened

Friday’s Crypto Crash: The Viral Theory Behind What Really Happened

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A viral theory circulating on X (formerly Twitter) suggests that Friday's significant crypto market crash was not merely a macro-driven capitulation. Instead, the theory posits it was a targeted exploitation of how Binance priced collateral within its Unified Account system, reframing the event away from a stablecoin failure.

A viral thread on X (1.1 million views) has put forward a forensic narrative for Friday’s crypto wipeout, arguing that what looked like a chaotic macro-driven capitulation was, in fact, a targeted exploitation of how Binance priced collateral inside its Unified Account. The author @ElonTrades frames the episode not as a stablecoin failure but as an instance of market manipulation leveraging exchange mechanics.