Beefy ($BIFI
) experienced an extraordinary volatility event last night, with price spiking by nearly 6,000% within a single minute after the order book briefly emptied.
Following the initial surge, price retraced sharply — only to rebound again roughly five minutes later, printing another 1,700% move.
After these rapid dislocations, $BIFI is now trading approximately 250% above its pre-spike level, indicating sustained demand even after extreme volatility.
This type of price behavior typically reflects:
Extremely thin liquidity
Sudden market orders hitting an empty order book
Algorithmic or forced liquidations
Heightened speculative interest
Traders should exercise caution, as such moves often come with elevated risk and unpredictable follow-through. That said, the ability to hold significantly above prior levels suggests continued attention on the asset.
📊 Key takeaway: liquidity matters — when it disappears, price discovery becomes explosive.