VOXEL Crypto Explained: How a Mysterious Glitch Sent Prices Soaring 70% Overnight!

Jakarta, Pintu News – The cryptocurrency market was once again shocked by the unexpected surge of Voxel (VOXEL), a blockchain-based gaming token, which skyrocketed more than 70% in a short period of time.

This dramatic price increase sparked wild speculation in the crypto community, especially after it was suggested that the spike was caused by a trading bot error on the Bitget platform.

What exactly is Voxel, and how much effect will this event have on the cryptocurrency market as a whole?

What is Voxel Crypto and Why is it Exploding?

It is suspected that a malfunction in the trading bot on Bitget triggered a barrage of exploitable transactions, pushing the trading volume of the VOXEL/USDT pair to $12.7 billion in a day – more than double the volume of Bitcoin on the same platform.

Read also: Dogecoin to Explode? Analysts Predict DOGE Could Soar to $2 Before Year’s End – Here’s Why!

This figure alone is shocking enough. But behind it, there’s a deeper story: technical failures, opportunistic scalping, and a growing spotlight on exchange infrastructure.

Blockchain analysts immediately spotted this strange pattern. According to an analyst named Dylan, a bot on Bitget was stuck in a buy and sell cycle in the price range of $0.125 to $0.138.

For observant traders, this creates an almost riskless arbitrage opportunity. Even with as little as $100, some traders were able to achieve six-figure profits within hours before the exploit was detected.

Bitget Starts Internal Investigation into VOXEL Incident

Bitget has confirmed that they are conducting an internal investigation. They state that some accounts may be restricted, and an official report will be released within the next 24 hours. However, the reputational damage has already been done.

The most outrage came from the crypto community in China. A viral post accused Bitget of rejecting most withdrawal requests during the incident, although some transactions were processed anyway, leading to huge losses on the platform.

The post accused Bitget of undermining user trust and demanded “technical reforms” to prevent similar incidents from happening again.

The issue also highlights weaknesses in Bitget’s hybrid custodial model and loose position control – two aspects that critics consider particularly risky.

One analyst even warned, “More altcoins could be utilized to attack Bitget if this issue is not fixed soon.”

Interestingly, all of this happened while VOXEL was included in the “Vote to Delist” program on Binance, leading many to suspect a connection between these events and the potential removal of the token from the exchange.

Whether this is pure coincidence, manipulation, or algorithmic chaos, one thing is for sure: this once-forgotten gaming token has suddenly become a major topic in the crypto market.

However, the question now is: can VOXEL survive? Or is all this just a momentary euphoria due to a system crash? Let’s take a closer look at the daily chart and analyze VOXEL’s potential next price movement.

Read also: Made in the USA: 3 Hot Cryptos Every Trader Is Watching!

VOXEL Price Analysis: Can VOXEL Crypto Rise Before It’s Removed from Binance?

Despite today’s great arbitrage opportunity in VOXEL crypto on Bitget, technically the project’s outlook on the charts still looks bleak. Currently, VOXEL is trading at $0.097 (it experienced a +48% change in 24 hours, although it then started to decline).

This was after the sudden big price spike started to subside, and the price dropped back to corrective levels, with a strong attempt to hold around $0.10 – a historically important support area.

If VOXEL holders manage to maintain a position at this level, yesterday’s price spike may not be entirely an anomaly, but rather could be considered a correction attempt to the large decline that occurred throughout April.

This has led to speculation: is this price movement deliberate to help prevent the removal of VOXEL from Binance? This is because a strong recovery from the April lows could strengthen the argument for keeping the token on the exchange.

However, despite these big catalysts, VOXEL is still stuck in a descending channel trading pattern and has yet to show any signs of a breakout.

To make matters worse, this sudden spike has made the RSI momentum indicator very hot, now at 76.5, which usually indicates a potential further price correction to the downside.

Overall, the main question now is: will VOXEL be able to maintain support around $0.10, or will it plunge deeper after this incident?

That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.

Follow us on Google News to get the latest information about crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu Crypto via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• 99 Bitcoins. What Is VOXEL Crypto and Why Did It Just Pump Over 70%? Accessed on April 21, 2025
• BeInCrypto. VOXEL Token Jumps 200% as Bitget Glitch Fuels $12.7 Billion Trading Frenzy. Accessed on April 21, 2025