$NEAR is up 13.2% on the day, and the story under it is a $3.8M exploit that ended with the hacker sending every dollar back.
The damage stayed inside USDT on BSC, and NEAR Intents is running again. A hack that costs users nothing in the end works as a stress test the product passed. I'd rather hold the chain that took the hit and made everyone whole than one nobody has tried to break.
The quantum security rollout and the sovereign fund idea are two months old, so they aren't what moved the price. The overhang just got cleared, and that's why the week sits at 11.93%.
$NEAR trades at $5.31 right now, inside a 24h range of $4.63 to $5.44. If it holds $4.63 on any dip, I think it takes out $5.44 next. If it loses $4.63, I'm wrong on this and there's nothing to defend. Anyone who bought this bounce would give back the whole day's move.
holding $4.63 or losing it?
follow me for more calls like this.
The damage stayed inside USDT on BSC, and NEAR Intents is running again. A hack that costs users nothing in the end works as a stress test the product passed. I'd rather hold the chain that took the hit and made everyone whole than one nobody has tried to break.
The quantum security rollout and the sovereign fund idea are two months old, so they aren't what moved the price. The overhang just got cleared, and that's why the week sits at 11.93%.
$NEAR trades at $5.31 right now, inside a 24h range of $4.63 to $5.44. If it holds $4.63 on any dip, I think it takes out $5.44 next. If it loses $4.63, I'm wrong on this and there's nothing to defend. Anyone who bought this bounce would give back the whole day's move.
holding $4.63 or losing it?
follow me for more calls like this.