๐จ ONE CRASHES 40% โ 4 BILLION TOKENS MINTED?!
Harmonyโs ONE just took a brutal hit, and the supply shock is the biggest red flag. ๐ณ๐
An apparent exploit reportedly created around 4 billion new ONE tokens โ more than 25% of the previous supply.
The market reacted fast:
๐ป ONE plunged ~40%
๐ช ~4B tokens reportedly created
๐ Harmony paused its bridge
โ๏ธ Exchanges are being asked to freeze linked funds
๐ ๏ธ An emergency software fix is being prepared
๐ A possible blockchain rollback is also being considered
From a price-action perspective, this is not a normal dip. A sudden supply increase can destroy confidence and create heavy selling pressure.
โ ๏ธ Iโd avoid chasing any bounce until Harmony clearly explains how the mint happened and what happens to the newly created ONE.
For traders, the key levels are simple: watch whether buyers can reclaim lost support or if every bounce gets sold.
Would you touch ONE after a 40% crash? ๐ Comment your view and follow for more crypto market updates.
#HarmonyOS