Yeliz Akmaca 
On October 6–7, 2025, $SERAPH, $GORK, and $RFC experienced sudden price drops on Bybit. Investors are curious about the reasons behind these major market fluctuations. This development has drawn attention in the crypto market, affecting coin prices and altcoin trends.
$SERAPH Price Drop
$SERAPH traded at $0.0884 on October 7, showing a sharp 64% decline in 24 hours. This sudden drop surprised many investors. Bybit’s change in the maximum open position limit for SERAPH futures was one of the main causes of this price volatility.
The primary reason for this large Bybit dump was the chain liquidations triggered by the exchange after smart contract upgrades (Token Swaps) or delist decisions for tokens like $SERAPH, $GORK, and $RFC.
Additionally, $SERAPH’s low liquidity and speculative nature made it highly vulnerable to rapid market movements. Market analysis of coin prices and altcoin trends showed that investors were quick to close positions.
Movements in $GORK and $RFC
- $GORK traded at $0.0143 on October 7, experiencing 64% volatility. Similarly, $RFC traded at $0.0125, recording a 54% drop.
- Changes in futures position limits affected both token prices.
- Low market capitalization triggered sudden speculative selling.
- Risk-averse investor behavior amplified the declines.
- As a result, $GORK and $RFC prices fluctuated significantly in a short period, attracting attention from crypto traders monitoring market volatility.
Altcoin Trends and Risk Management
This event highlighted the risks of using leverage on low-market-cap altcoins. Moreover, it showed how major exchanges can sharply close markets during token swaps or other events. This underscores the importance for investors to closely follow exchange and project announcements.
Price movements in SERAPH/USDT, GORK/USDT, and RFC/USDT charts indicated more than a typical market crash. Pairs first spiked to extreme levels, then fell below their previous values within seconds. Futures contracts, particularly for RFC and GORK, were critical to understanding the scale of the decline. These tokens, traded with high leverage (up to 50X), can generate massive losses from minor price changes.
Experts advise following basic risk management rules, especially when trading rising coins and small-cap tokens.
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