Cardano Faces Crisis | Glitch or Market Manipulation?
Edited By
John Tsoi
A strange incident on October 11, 2025, has left investors puzzled as Cardano’s price fluctuated dramatically across different exchanges. While it dipped below 40 cents on some platforms, others like Coinbase reported prices above 70 cents. Users are questioning whether this is due to technical glitches or something more sinister.
Pricing Discrepancies Raise Eyebrows
Reports from various user boards indicate that Cardano’s price dropped unexpectedly. One user noted, "I was super excited and planning on making some purchases" This fluctuation goes against the overall market trend, where other cryptocurrencies were stable or only slightly down.
Users suggested this spike might resulted from zero liquidity at play. According to one commentator, "Sellers must’ve been hitting 'sell at market value', but there weren’t enough low-ball buys…" Such a situation can lead to wildly different rates on various exchanges, creating confusion among buyers.
Possible Reasons Behind the Crash
Market Liquidity Issues
Users reported issues buying on platforms like Coinbase and Robinhood, with many orders being rejected.
Exchange Price Disparities
Price differences were striking: Binance reported Cardano at 37 cents while other platforms like Coinbase showed rates above 70 cents.
Market Manipulation Theories
Some users speculated that trading activity linked to geopolitical factors, like tariffs announced by President Trump, could be impacting values, with one stating, "Looks like Trump's cronies are buying up the market fast."
User Reactions
It’s clear that the sentiment among people is mixed:
"My purchase at .29 went through, and I’m very happy about it," said one user.
While another expressed frustration: "My Cardano order got rejected by RH, twice!"
Interestingly, this situation isn’t limited to Cardano; multiple cryptocurrencies like Pengu have shown similar inconsistencies, leading users to believe that trading systems may be overwhelmed.
"No price discovery now, insane spreads. Come back tomorrow," one comment echoed the sentiment of uncertainty.
Key Observations
△ Users report difficulties purchasing due to order rejections and liquidity issues.
▽ Multiple coins are experiencing price discrepancies, hinting at broader market problems.
※ Many wonder if external factors, such as President Trump’s recent tariffs, are influencing the crypto market dynamics.
Epilogue
As the situation develops, the crypto community is on high alert regarding potential market manipulation or further technical issues. It remains to be seen how exchanges will address these discrepancies and ensure fair trading practices for all investors.
What Lies Ahead for Cardano's Price?
There’s a strong chance that exchanges will implement adjustments to enhance liquidity in response to the recent turmoil. As more users become aware of the discrepancies, platforms could prioritize transparency and trading efficiency. Experts estimate around a 60-70% likelihood that regulatory scrutiny will increase as authorities investigate potential market manipulation claims. Similarly, if the geopolitical tensions linked to President Trump's policies escalate, further fluctuations in crypto prices could occur, impacting both Cardano and the larger cryptocurrency market. Additionally, if the liquidity issues persist, we could see a short-term decline in trading volume across many cryptocurrencies, which may amplify price volatility in the weeks ahead.
Echoes of the Past: The Dot-Com Bubble
Much like the dot-com bubble of the late 1990s, where exuberance led to soaring stock prices followed by significant declines, today's cryptocurrency landscape reflects a similar cycle of hype and uncertainty. Back then, many companies experienced rapid growth without solid foundational support, ultimately leading to corrections that reshaped the market. In today’s scenario, the erratic behavior of Cardano may hint at an overvalued sector undergoing essential reevaluation. Just as society learned to discern sustainable business models from fleeting trends, the crypto world may also emerge stronger and more strategic following this bout of turbulence.