One trader had a Chainlink (LINK) order executed at Binance paying only $0.0001 each, after a flash crash occurred on Thursday "03/13/2020. The user managed to buy 900,000 tokens. The currency was being traded for over $2 seconds earlier.

According to a tweet by Binance's CEO, the executed order was placed on 16/01/2019, the first day cryptocurrency was listed on the platform.

LINK had been one of the highest value cryptocurrency's in 2020 and was trading at $4,68 earlier this month.

Currently, the token costs

What happened

During the sharp downturn in the market, where most cryptocurrency's fell by 40%, LINK suffered a flash crash that reduced its price by 99.99%. Flash Crash is a strong crash in an extremely short period of time.

With the purchase of 900,000 LINK at $90 in total, the lucky man made over $2 million in the blink of an eye.

Falls like this happen because of lack of liquidity. The seller probably executed a market order, which makes the platform sell regardless of the price. Since he didn't have enough buy order, he sold everything until zero.

Image shared by the CEO of Binance proving that the order was executed

LINK is a protocol for providing oracle blockchain to feed real world data into intelligent contracts for DeFi platforms, DEXs and other blockchain projects that rely on data feeds for automation and intelligent contract execution.