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Crypto Terms:  Letter F

What is Flappening?

Meaning:
Flappening - an event in 2018 when Litecoin overtook Bitcoin Cash in market capitalization.
easy
1 minute

Let's find out Flappening meaning, definition in crypto, what is Flappening, and all other detailed facts.

Flappening is a term used to describe the event where Litecoin overtook Bitcoin Cash in regards to market cap. It’s a derivative of flippening which refers to a hypothetical future event where Ethereum overtakes Bitcoin in regard to market cap. However, unlike flippening, flappening has already happened in late 2018. 

The term was first used in a tweet by Charlie Lee explaining that the flappening will happen before the flippening.

Ever since the flappening, the term has been also used to describe any event where Litecoin surpasses another cryptocurrency

Litecoin community created the Flappening Watch in order to track the current development of flappening.

Circulating supply and current market price are the main factors taken into account when determining the market cap of a specific cryptocurrency.

cryptocurrency world, a flash crash can last from hours to minutes. Such flash crashes usually happen because of high-frequency trading.<\/p>\n<p>Extreme downward price swings are a natural part of the <strong>volatility<\/strong> of <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-digital-currency/">digital currencies<\/strong><\/a>. As a result of the intense selling pressures, crypto values experience quick changes, resulting in flash crashes in many situations.<\/p>\n<p>However, other industries, such as <strong>the stock and foreign exchange markets<\/strong>, also experience flash crashes. <a href=https://www.bitdegree.org/"https:////en.wikipedia.org//wiki//2015–2016_stock_market_selloff/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>The July 2015 flash<\/strong><\/a>, when an effect on the New York Stock Exchange (NYSE) halted trading for over three hours, was one of the most notable stock market hits. Other examples include <strong>the 2014<\/strong> bond flash crash, which was triggered by <a href=https://www.bitdegree.org/"https:////en.wikipedia.org//wiki//Algorithmic_trading/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>algorithmic trading<\/strong><\/a> systems, and <a href=https://www.bitdegree.org/"https:////en.wikipedia.org//wiki//2010_flash_crash/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>the 2010 Dow crash<\/strong><\/a>, which was triggered by <a href=https://www.bitdegree.org/"https:////en.wikipedia.org//wiki//Spoofing_attack/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong><strong>spoofing<\/strong><\/strong><\/a>.<\/p>\n<p>In the crypto world, flash crashes are triggered differently. For instance, in 2021, <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-bitcoin-btc/">Bitcoin suffered a flash crash which wiped out around $310 billion from the digital currency market causing BTC liquidations <strong>worth $10 billion<\/strong>.<\/p>\n<p>This flash crash occurred as a result of blackouts in the region of Xinjiang in China, which is a place where some of the world&rsquo;s largest Bitcoin <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-mining-farm/">mining farms<\/strong><\/a> are located. According to further research, nearly half of Bitcoin&rsquo;s network outages were caused by <strong>power failures in this area<\/strong>, dropping the number of cryptographic hashes per second from 215 to 120 and causing a large selloff.<\/p>","definition":"a market condition where the price of an asset drops drastically in a short period of time.","status":"published","meta_title":"What is Flash Crash? Definition & Meaning | Crypto Wiki","meta_description":"Flash Crash meaning: Flash Crash - a market condition where the price of an asset drops drastically in a short period of time.","meta_keywords":null}" :prev-section="{"id":353,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Slang","level":"easy","author_id":1,"created_at":"2023-06-19T06:58:59.000000Z","updated_at":"2023-12-05T07:32:27.000000Z","slug":"what-is-fish","title":"What is Fish?","section":"F","keyword":"Fish","content":"<p><strong>A fish<\/strong> (also known as a minnow)&nbsp;is a person who owns a small quantity of <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-cryptocurrency/">cryptocurrency, and they&rsquo;re usually at the mercy of <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-whale/">whales, who drive the market up and down. Fishes <strong>cannot visibility affect<\/strong> market share unless their holdings increase. After this happens, fishes can turn into <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-dolphin/">dolphins and eventually into whales (these two types of players <strong>significantly affect cryptocurrency prices<\/strong>).<\/p>\n<p>For instance, with <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-bitcoin-btc/">Bitcoin, the group of players that place orders of 1,000 BTC or more on <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-exchange/">cryptocurrency exchanges<\/strong><\/a> is known as <strong>Bitcoin dolphins<\/strong>. Bitcoin whales, on the other hand, are various hedge funds and huge institutions that place enormous orders worth far more than what dolphins place. For example, <a href=https://www.bitdegree.org/"https:////en.wikipedia.org//wiki//Tesla,_Inc./" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Tesla<\/strong><\/a> is one of the few <strong>high-profile BTC whales<\/strong> out there.<\/p>\n<p>Orders placed by whales are normally not visible to regular retail traders because they are processed through specific exchange procedures. The cryptocurrency movements of BTC whales lead to increased <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-volatility/">volatility, large-scale moves, and\/or reduced <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-liquidity/">liquidity in the BTC market. Besides, BTC whales <strong>set the tone for minnows<\/strong> to speculate on the trajectory of future cryptocurrency prices.<\/p>","definition":"someone who owns a small amount of cryptocurrency.","status":"published","meta_title":"What is Fish? Definition & Meaning | Crypto Wiki","meta_description":"Fish meaning: Fish - someone who owns a small amount of cryptocurrency.","meta_keywords":null}" :model="{"id":976,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Litecoin","level":"easy","author_id":1,"created_at":"2023-06-19T06:59:01.000000Z","updated_at":"2023-12-06T03:04:33.000000Z","slug":"what-is-flappening","title":"What is Flappening?","section":"F","keyword":"Flappening","content":"<p><strong>Flappening<\/strong> is a term used to describe the event where <strong><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-litecoin-ltc/">Litecoin overtook Bitcoin Cash<\/strong> in regards to <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-market-capitalization-market-cap-mcap/">market cap<\/strong><\/a>. It&rsquo;s a derivative of <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-flippening/">flippening which refers to a hypothetical future event where <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-ethereum-eth/">Ethereum overtakes <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-bitcoin-btc/">Bitcoin in regard to market cap. However, unlike flippening, flappening has already happened in late 2018.&nbsp;<\/p>\n<p>The term was first used in a tweet by Charlie Lee explaining that the flappening will happen before the flippening.<\/p>\n<p>Ever since the flappening, the term has been also used to describe any event where Litecoin surpasses another <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-cryptocurrency/">cryptocurrency.&nbsp;/n

Litecoin community created the Flappening Watch in order to track the current development of flappening.<\/p>\n<p><a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-circulating-supply/">Circulating supply<\/strong><\/a> and current market price are the main factors taken into account when determining the market cap of a specific cryptocurrency.<\/p>","definition":"an event in 2018 when Litecoin overtook Bitcoin Cash in market capitalization.","status":"published","meta_title":"What is Flappening? Definition & Meaning | Crypto Wiki","meta_description":"Flappening meaning: Flappening - an event in 2018 when Litecoin overtook Bitcoin Cash in market capitalization.","meta_keywords":null,"author":{"id":1,"user_id":1,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2023-05-11T07:18:20.000000Z","title":"Editor-In-Chief","slug":"aaron-s-editor-in-chief","description":"<p>Having completed a Master&rsquo;s degree on Economics, Politics &amp; Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US&rsquo; Western and Japan&rsquo;s Collective forms of capitalism, 1945-2020.<\/p>\n<p>With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He&rsquo;s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.<\/p>\n<p>Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain &amp; Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.<\/p>\n<p>Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.<\/p>","user":{"id":1,"first_name":"Aaron","last_name":"S.","email":"aaron@bitdegree.org","email_sanitized":"aaron@bitdegree.org","email_verified_at":"2023-12-01T09:40:20.000000Z","must_verify_email":false,"is_registered_with_wallet":false,"status":"active","country":"LT","last_connected_ip":"88.119.132.125","image_id":2641,"referral_token":"05TMu2NysXOCn525","referred_by":null,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-01-09T15:22:21.000000Z","full_name":"Aaron S."}}}" :chapter-list="[{"id":1,"title":"Blockchain","slug":"blockchain","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-blockchain.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/blockchain-101.jpg","rating":100,"sections":[{"chapter_id":1,"order":1,"slug":"what-is-blockchain","title":"What is the Blockchain?","status":"published","modified_content":null},{"chapter_id":1,"order":2,"slug":"decentralized-blockchain","title":"Anonymous & Decentralized Blockchains: The Cornerstone of Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":3,"slug":"blockchain-transaction","title":"What is a Blockchain Transaction in Crypto?","status":"published","modified_content":null},{"chapter_id":1,"order":4,"slug":"crypto-fees","title":"The Different Types of Crypto Fees Explained","status":"published","modified_content":null},{"chapter_id":1,"order":5,"slug":"what-is-bridging-in-crypto","title":"The Key Notion Behind the Concept of Bridging in Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":6,"slug":"types-of-blockchains","title":"Different Types of Blockchains: What to Look Out For?","status":"published","modified_content":null}]},{"id":2,"title":"Cryptocurrencies","slug":"cryptocurrencies","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-cryptocurrencies.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/cryptocurrencies-101.jpg","rating":100,"sections":[{"chapter_id":2,"order":1,"slug":"what-is-a-cryptocurrency","title":"What is a Cryptocurrency?","status":"published","modified_content":null},{"chapter_id":2,"order":2,"slug":"how-does-cryptocurrency-work","title":"How Does Cryptocurrency Work?","status":"published","modified_content":null},{"chapter_id":2,"order":3,"slug":"is-cryptocurrency-a-good-investment","title":"Is Cryptocurrency a Good Investment? The Pros & Cons","status":"published","modified_content":null},{"chapter_id":2,"order":4,"slug":"coin-vs-token","title":"Coin VS Token: How Do They Differ?","status":"published","modified_content":null},{"chapter_id":2,"order":5,"slug":"what-are-stablecoins","title":"What are Stablecoins, Altcoins & Wrapped Coins?","status":"published","modified_content":null},{"chapter_id":2,"order":6,"slug":"what-is-a-bitcoin","title":"Bitcoin: the Pioneer of the Crypto World","status":"published","modified_content":null},{"chapter_id":2,"order":7,"slug":"what-is-ethereum","title":"The Ultimate Blockchain for dApp Creation: Ethereum","status":"published","modified_content":null},{"chapter_id":2,"order":8,"slug":"what-is-cardano-in-crypto","title":"What is Cardano and What is It Used For?","status":"published","modified_content":null},{"chapter_id":2,"order":9,"slug":"what-is-shiba-inu-coin","title":"Shiba Inu: the Dogecoin 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Crypto","status":"published","modified_content":null}]},{"id":3,"title":"Crypto Exchanges","slug":"crypto-exchanges","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-crypto-exchanges.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-exchanges-101.jpg","rating":80,"sections":[{"chapter_id":3,"order":1,"slug":"how-do-cryptocurrency-exchanges-work","title":"How do Cryptocurrency Exchanges Work?","status":"published","modified_content":null},{"chapter_id":3,"order":2,"slug":"dex-vs-cex","title":"DEX VS CEX: Two Sides of the Crypto Exchange Industry","status":"published","modified_content":null},{"chapter_id":3,"order":3,"slug":"crypto-day-trading","title":"Crypto Day Trading: The Difference Between Buying, Trading, and Swapping","status":"published","modified_content":null},{"chapter_id":3,"order":4,"slug":"kyc-crypto","title":"KYC & AML: The Key to Complying With Legal Industry 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The Ins and Outs","status":"published","modified_content":null},{"chapter_id":5,"order":3,"slug":"buying-nft","title":"Tips and Tricks of Choosing the Right NFTs","status":"published","modified_content":null},{"chapter_id":5,"order":4,"slug":"how-to-store-nft","title":"How to Store NFTs: Best Practices","status":"published","modified_content":null},{"chapter_id":5,"order":5,"slug":"how-to-create-an-nft","title":"How to Create Your Own NFTs?","status":"published","modified_content":null},{"chapter_id":5,"order":6,"slug":"how-to-make-passive-money-with-nft","title":"Making Passive Money with NFTs","status":"published","modified_content":null}]},{"id":6,"title":"dApps & Defi","slug":"dapps-and-defi","updated":true,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-dapps.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/dapps-defi-101.jpg","rating":80,"sections":[{"chapter_id":6,"order":1,"slug":"what-are-nfts","title":"What are Non-Fungible Tokens 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Contracts?","status":"published","modified_content":null},{"chapter_id":6,"order":7,"slug":"what-is-a-dao-in-crypto","title":"The Notion of a Decentralized Autonomous Ogranization (DAO)","status":"published","modified_content":null},{"chapter_id":6,"order":8,"slug":"what-is-staking-in-crypto","title":"What is the Goal of Staking Crypto Assets?","status":"published","modified_content":null},{"chapter_id":6,"order":9,"slug":"what-is-liquidity-pool-in-crypto","title":"What is a Liquidity Pool and How Does It Work?","status":"published","modified_content":null},{"chapter_id":6,"order":10,"slug":"what-is-automated-market-maker","title":"Automated Market Maker: the Cornerstone of the Decentralized Crypto Exchange Industry","status":"published","modified_content":null},{"chapter_id":6,"order":11,"slug":"what-is-yield-farming-in-crypto","title":"The Main Yield Farming 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Mining?","status":"published","modified_content":null},{"chapter_id":9,"order":3,"slug":"what-is-staking-crypto","title":"An Advanced Look into What is Staking Crypto","status":"published","modified_content":null},{"chapter_id":9,"order":4,"slug":"what-is-proof-of-stake-vs-proof-of-work","title":"Proof-of-Work VS Proof-of-Stake: The Differences That Matter","status":"published","modified_content":null},{"chapter_id":9,"order":5,"slug":"what-is-crypto-mining-rig","title":"Crypto Mining Rig: What It is and How to Build One?","status":"published","modified_content":null}]},{"id":10,"title":"Crypto Terms","updated":false,"chapter":"crypto\/assets\/crypto-book\/chapters\/crypto-101-glossary.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}]" current-chapter="F" current-section="what-is-flappening">