Why Did BAT Lose 28% of its Value Overnight After Coinbase Listing

Basic Attention Token (BAT) lost 28 percent of its value following a high profile Coinbase listing.

On Friday, as CCN reported, BAT declined by around 20 percent against the US dollar. In the last 24 hours, BAT dropped by yet another eight percent, recording a 28 percent decline in value in a two-day span.