Source: http://www.zerohedge.com/news/2017-06-21/ethereum-flash-crashes-after-status-ico-clogs-network
You can read how an ICO "caused" the issue in the above Zero Hedge article.
Folks -- this is what can happen when BIG MONEY plays in the sandbox.
- They know what it takes to "spike" a price down and "run all the stops" ....so all the people who had sell prices at $300, $200, $150 etc....were probably taken out today and no longer have their Ethereum
- Now "who had BUY ORDERS in at those 50% off - 75% off 90% off price ???? Was it Goldman Sachs ....somebody bought ETH at a hell of a discount.
They can use whatever story they want --- the facts are there -- and somebody made out. It's the small investors who get "fleeced" with the Wall Street crowd.
Can you now see how much they LOVE ETHEREUM !!!