Walmart announced that they did not serve the press release that moved the markets.
It Gained More Than 30 Percent In Value
At that time, Litecoin first went from $175 to $233 in 17 minutes, then dropped back to $178.
With the effect of the news, most cryptocurrencies, especially bitcoin, first increased and then decreased.
During this fluctuation, the total market value of cryptocurrencies increased from 2 trillion 28 billion dollars to 2 trillion 124 billion dollars. Then it fell to 2 trillion 4 billion dollars. In other words, there was a fluctuation of 100-120 billion dollars in the market with the effect of this fake news.
In the following hours, the Litecoin Foundation also announced on Twitter that it did not cooperate with Walmart in any way.