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A comment on Ethereum crashed from $319 to 10c on GDAX after ‘multimillion dollar’ trade. Parent comment

Re:Ethereum crashed from $319 to 10c on GDAX after ‘multimil... by FeatureRush on Thursday June 22, 2017 @10:57AM (#14612667)
On reddit someone commented that this whale must have know what he was doing... So, in theory could dumping large amount of ETH could affect pricing of even larger amount enabling the whale to profit from this procedure?
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Re:Ethereum crashed from $319 to 10c on GDAX after ‘multimil... by DiNovi on Thursday June 22, 2017 @11:07AM (#14612740)
it's called stop-loss hunting; this just happened on a grand scale.

Theoretically because literally everyone doing it got liquidated it probably won't happen again - people wont set up stop losses and gdax will probably introduce a circuit breaker.

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