PANews reported on October 11th that the price of IOTX on Binance briefly dropped to $0.00000 this morning before recovering to $0.01354. IoTeX officials acknowledged the extreme market volatility and confirmed that the IoTeX network and all on-chain assets remain fully secure and operational.

The official team is closely monitoring the market situation and coordinating with partners to ensure stability.

Related reading: $19.1 billion liquidated in 24 hours, why did the crypto market suffer a bloodbath?