3 Coins Worst Hit By Black Friday Crypto Crash

What Happened

Cosmos (ATOM)

Based on Coinbase data (a CEX unaffected by the glitch, ATOM fell from $4.19 to $2.99, a real 32% intraday drop.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

Market Context

The coins hit by the Black Friday crash on October 10 faced some of the sharpest declines of the year. Prices across exchanges collapsed within minutes as billions in leveraged positions were wiped out, triggering forced liquidations and flash crashes.

Most cryptocurrencies fell between 10% and 60%, but some tokens were hit far worse — even flashing near-zero values before stabilizing. Their wild swings show how fragile liquidity can become during panic and how quickly sentiment can shift once the dust settles. We have listed three such tokens with an additional mention to find if you read to the end.

Cosmos (ATOM) was one of the hardest-hit coins by Black Friday crash. On Binance, ATOM’s price briefly showed $0.001 (a 99.9% dip) — a supposedly “false print” caused by a tick-size glitch that fueled widespread panic.

“Historical limit orders (some dating back years, as far as 2019, e.g., IOTX, ATOM) had remained open on the platform. During extreme market sell-off and the lack of buying orders, sell orders continue to execute against these long-standing limit orders, pushing token prices to sharply drop momentarily,” Binance stated.

ATOM’s structure still leans bearish on the daily chart, trading against a descending trendline while facing resistance at key Fibonacci levels. The current base of the trendline sits at $3.35, which ATOM needs to defend.

Below, however, a loss of $3.35 could drag prices back toward $2.87 (the last base before a deeper correction), erasing the rebound.

Despite the weakness, there’s a positive divergence in play. Between September 27 and October 11, ATOM’s price made a lower low, but the Money Flow Index (MFI), which tracks the speed and volume of money entering or leaving, made a higher low. It is a classic bullish signal that suggests new money is entering the market even as prices remain under pressure.

“Certain trading pairs (such as IOTX/USDT) recently reduced the number of decimal places allowed for minimum price movement, causing the displayed prices in the user interface to be zero, which is a display issue and not due to actual zero price,” Binance explained.

However, real trading data from Gemini’s IOTX/USD chart paints a clearer and more reliable picture of what actually happened, presumably reflecting the token’s real market behavior during that volatile day.

Based on Gemini’s data, IOTX fell from $0.024 to $0.018, marking a real 25% intraday drop before stabilizing toward the close. The sharp move reflected the widespread pressure on small- and mid-cap tokens as liquidity evaporated across exchanges.

The Chaikin Money Flow (CMF), a metric that tracks how much money is entering or leaving an asset, offers the most optimistic signal for now. Since October 7, the CMF has been climbing sharply even as prices fell — a positive divergence that often hints at buying from large holders or whales accumulating during weakness.

In short, while IoTeX’s trend still leans bearish, the improving CMF and steady accumulation point to quiet confidence among bigger players. If price action confirms with a breakout above $0.027, IoTeX could be setting up for a rebound despite its heavy hit during the Black Friday crash.

Why It Matters

A daily close above $3.64 would be the first sign of recovery, with the next major hurdles sitting at $4.11 and $4.45. Breaking above $4.45 could flip the trend bullish (beating the trendline and turning less bearish) and open a move toward $5.32.

The token is holding near $0.020, facing resistance at $0.024 (previously support) and a stronger barrier around $0.027. A daily candle close above $0.027 could confirm a breakout and open the path to higher levels, while a fall below $0.018 would likely invalidate the recovery attempt.

Details

That implies some quiet accumulation, possibly retail and spot-driven, as traders bet on a slow recovery following the Black Friday crash.

IoTeX (IOTX)

IoTeX was another token that briefly flashed zero — a 100% drop — during the October 10 crash on Binance, one of the many “zero” prints that surfaced amid the liquidation chaos.

Currently, IOTX trades inside a descending triangle, with support/resistance levels acting base(s), with a breach under each level qualifying as a breakdown. The current base of the triangle sits at $0.018, which IOTX needs to defend.

Enjin (ENJ)

Enjin (ENJ) was among the tokens that briefly flashed 0.00001 on Binance during the October 10 crash — one of the most extreme “zero-print” cases of the day.

However, based on OKX’s ENJ/USDT chart, the real decline was from $0.063 to $0.021, a drop of nearly 67%, making it one of the sharpest falls among major gaming-focused tokens.