Harmony($ONE ) recently suffered a serious supply-chain attack: about 400 million ONE were illegally minted and quickly dumped into the market. In a short period, the circulating supply surged by roughly 26%, triggering an explosion in exchange fund inflows, panic selling, and cascading liquidations, causing the price to drop sharply.
From on-chain data, the scale of the minting is comparable to a significant portion of the project’s market value. This type of attack—"over-minting followed by dumping"—directly destroys the short-term price structure, and on-chain holders also face rapid devaluation risk. After the incident, cross-chain bridges and contract security became the focus of community discussions. Investors should pay closer attention to the team’s emergency response, the progress of vulnerability remediation, and any subsequent compensation plan.
In the short term, <$ONE > may still absorb sell pressure and emotional shock, with volatility staying elevated. Whether it can recover in the medium to long term depends on whether the team can patch the漏洞 in time, rebuild market confidence, and on the real-world activity of ecosystem applications and the verifier network. Until there are clear signals of governance and security upgrades, it is recommended to participate cautiously and strictly manage position size.
#Harmony#Cross-Chain Security#Crypto Market Update
From on-chain data, the scale of the minting is comparable to a significant portion of the project’s market value. This type of attack—"over-minting followed by dumping"—directly destroys the short-term price structure, and on-chain holders also face rapid devaluation risk. After the incident, cross-chain bridges and contract security became the focus of community discussions. Investors should pay closer attention to the team’s emergency response, the progress of vulnerability remediation, and any subsequent compensation plan.
In the short term, <$ONE > may still absorb sell pressure and emotional shock, with volatility staying elevated. Whether it can recover in the medium to long term depends on whether the team can patch the漏洞 in time, rebuild market confidence, and on the real-world activity of ecosystem applications and the verifier network. Until there are clear signals of governance and security upgrades, it is recommended to participate cautiously and strictly manage position size.
#Harmony#Cross-Chain Security#Crypto Market Update