NEAR cross-chain transaction service NEAR Intents exploited vulnerability, losses of about $3.8 million, service suspended, coin price fell about 8% in a single day, current price 4.81, down 9.9% in 24 hours.
Sell-off triggered by the security incident boils down to two things: whether the team can quickly identify and lock down the vulnerability and restore the service, and whether funds are still flowing out. After the incident was disclosed, the price was 4.91; the current price of 4.81 has already broken below that level, entering the panic extension zone.
What to do? The service restoration announcement is the first trigger point. Before service is restored, any rebound is mostly emotion-driven repair, so chasing is risky. If, after the service is restored, it still can’t get back above 4.91, it means the trust discount hasn’t been fully priced in yet, and your position needs to be reduced. #NEAR
Sell-off triggered by the security incident boils down to two things: whether the team can quickly identify and lock down the vulnerability and restore the service, and whether funds are still flowing out. After the incident was disclosed, the price was 4.91; the current price of 4.81 has already broken below that level, entering the panic extension zone.
What to do? The service restoration announcement is the first trigger point. Before service is restored, any rebound is mostly emotion-driven repair, so chasing is risky. If, after the service is restored, it still can’t get back above 4.91, it means the trust discount hasn’t been fully priced in yet, and your position needs to be reduced. #NEAR