VOXEL token surged over 200% in 30 minutes on Bitget, triggering a $12.7 billion trading frenzy

From Yahoo Finance: 2025-04-20 21:07:00

On April 20, 2025, gaming token VOXEL surged over 200% in 30 minutes, becoming the most traded token on Bitget with a $12.7 billion daily trading volume, linked to suspected trading bot errors and market manipulation.

VOXEL was repeatedly traded within a narrow range, allowing users to capitalize and generate profits, with the price spiking to $0.1645 before dropping to $0.09131. Bitget responded by freezing accounts, suspending trading, and promising a full investigation.

The incident drew comparisons to a similar event on the Hyperliquid platform involving the JELLY token, with Bitget’s CEO emphasizing the importance of risk control systems and compensation for affected users.



Read more at Yahoo Finance: VOXEL Token Soars Over 200% in 30 Minutes on Bitget, Triggers $12.7 Billion Trading Frenzy and Exchange Review