IoTeX plans liquidity boost program after IOTX price anomaly
The post IoTeX plans liquidity boost program after IOTX price anomaly appeared on BitcoinEthereumNews.com.
IoTeX plans to launch a token buyback program and strengthen exchange liquidity after a temporary market maker issue caused irregular price movements. Summary IoTeX confirms Binance “zero price” was a UI glitch tied to a market maker issue. Foundation to launch buybacks and liquidity programs to stabilize trading. IOTX price recovered to as users praised the team’s transparent handling. IoTeX has announced a token buyback program and new liquidity partnerships following a market maker incident that briefly disrupted trading and sent its price to near-zero on Binance. In an Oct.13 post on X, IoTeX (IOTX) confirmed that the “zero price” event on Oct. 10–11, 2025, was linked to a third-party market maker malfunction and not a protocol exploit. The network’s core services — including ioPay wallet, ioTube bridge, and DePINscan — remained fully operational, and no user funds were affected. Zero Was Not Reality. @binance has clarified that the “0.0000” $IOTX price shown on Oct 10 was due to UI display and system issue, not real market activity. Price charts are being corrected — the first step toward full resolution. 💪 We stand firmly with every community… https://t.co/NpEV965oUw — IoTeX (@iotex_io) October 13, 2025 Incident traced to liquidity glitch, not exploit The team clarified that Binance had already addressed the issue, confirming it was a user interface display problem rather than an actual market crash. In its statement, Binance said the “0.0000” IOTX price displayed during the event resulted from reduced decimal precision on certain trading pairs, combined with extreme volatility that briefly triggered long-standing limit orders. Binance’s review also showed that its spot and futures engines functioned normally throughout the market-wide sell-off. The exchange completed compensation for users affected by de-pegging or delayed redemptions within 24 hours, totaling roughly $283 million in payouts across multiple assets. IoTeX launches recovery…
Filed under: News - @ October 13, 2025 4:11 am