šØ $FET JUST GOT HIT ā HEREāS WHAT REALLY MATTERS
$FET had a strong move from around $0.149 to $0.1889 in just three days, gaining nearly 27%. But then the exploit news changed the mood quickly. š³
An attacker reportedly drained around 8.72M FET, worth roughly $1.54M, after exploiting a weakness in the token converterās security check.
FET dropped toward $0.171 after reaching the recent high, showing the immediate fear from the market.
But hereās the important part: the attacker didnāt create new FET. The stolen tokens were already part of the existing supply, so this is more about selling pressure and market confidence than massive supply dilution.
8.72M FET is only around 0.038% of the circulating supply, so the amount itself is relatively small compared with FETās overall market activity.
Still, I would keep an eye on the stolen wallet movements. If more FET starts hitting exchanges, it could create another wave of selling pressure. š
For now, the key question is simple: can FET hold the $0.17 area and rebuild confidence after the exploit? š
#fet
$FET had a strong move from around $0.149 to $0.1889 in just three days, gaining nearly 27%. But then the exploit news changed the mood quickly. š³
An attacker reportedly drained around 8.72M FET, worth roughly $1.54M, after exploiting a weakness in the token converterās security check.
FET dropped toward $0.171 after reaching the recent high, showing the immediate fear from the market.
But hereās the important part: the attacker didnāt create new FET. The stolen tokens were already part of the existing supply, so this is more about selling pressure and market confidence than massive supply dilution.
8.72M FET is only around 0.038% of the circulating supply, so the amount itself is relatively small compared with FETās overall market activity.
Still, I would keep an eye on the stolen wallet movements. If more FET starts hitting exchanges, it could create another wave of selling pressure. š
For now, the key question is simple: can FET hold the $0.17 area and rebuild confidence after the exploit? š
#fet
