🚨 ONE CRASHES 40% — 4 BILLION TOKENS MINTED?!
Harmony’s ONE just took a brutal hit, and the supply shock is the biggest red flag. 😳📉
An apparent exploit reportedly created around 4 billion new ONE tokens — more than 25% of the previous supply.
The market reacted fast:
🔻 ONE plunged ~40%
🪙 ~4B tokens reportedly created
🛑 Harmony paused its bridge
❄️ Exchanges are being asked to freeze linked funds
🛠️ An emergency software fix is being prepared
🔄 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.
⚠️ I’d 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? 👇 Comment your view and follow for more crypto market updates.
#HarmonyOS
Harmony’s ONE just took a brutal hit, and the supply shock is the biggest red flag. 😳📉
An apparent exploit reportedly created around 4 billion new ONE tokens — more than 25% of the previous supply.
The market reacted fast:
🔻 ONE plunged ~40%
🪙 ~4B tokens reportedly created
🛑 Harmony paused its bridge
❄️ Exchanges are being asked to freeze linked funds
🛠️ An emergency software fix is being prepared
🔄 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.
⚠️ I’d 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? 👇 Comment your view and follow for more crypto market updates.
#HarmonyOS
