A sudden 'black swan' event on October 11 led to dramatic losses in top-10 cryptocurrencies XRP and DOGE, with some altcoins seeing declines as severe as 99%.
On October 11, XRP and DOGE saw drops exceeding 53% during a 'black swan' event. The broader altcoin market experienced even steeper losses, with some altcoins falling by up to 99%. The market has begun to recover, reversing the sharp downturn.