The spot price of ATOM on Binance momentarily dropped to $0.001 for 8 milliseconds on October 11, as reported by Vida, founder of Formula News. This brief price anomaly occurred between 05:20:37.689 and 05:20:37.697, due to the absence of market makers, which left sell orders unfilled. Despite this sharp dip, the price quickly rebounded, and the incident did not affect contract liquidation prices. This is because the contract mark price on Binance is determined by a sliding average over several minutes, preventing the contract price from reflecting the brief spot price drop.