Aztec’s recent momentum has people feeling uneasy. Within the same month, Aztec Bridge and Connect were hacked one after another, with total losses of roughly $4 million. The attackers have already laundered the funds through Tornado Cash, and on-chain traces are becoming increasingly difficult to track.
At present,
$AZTEC is trading at $0.01412, with a market cap of $40.65 million and $3.97 million in 24-hour volume. The market cap isn’t huge, but trading volume hasn’t surged as bearish news has come out and cleared the panic sellers—suggesting the panic hasn’t finished, and buy-the-dip interest is also relatively weak. The structure that’s most feared here is a slow, steady bleed lower.
In the short term, I’m focused on three things: first, whether the official remediation and compensation plan for the bridge vulnerability has been implemented; second, the laundering cadence of the stolen funds in Tornado Cash—whether they’ll dump the assets in batches; and third, whether trading volume can pick up again, which would indicate whether there’s capital willing to step in and buy despite the damaged trust.
Until these points are confirmed, I’m inclined to stay on the sidelines, keep position sizes restrained, and not take the knife. Trust repair has always been slower than a price rebound.
#Aztec #DeFi安全