$INIT Price Movement Tracker
Up 19.7% in 5 minutes, up 14.8% over 24h, current price $0.1489, 24h trading volume approximately $8.71 million
Initia’s mainnet was halted yesterday following a security attack: exploiting a vulnerability in a Move contract, the attacker minted approximately 2 million AUSD without collateral and transferred about $2.6 million in assets across chains. The team has paused the network while it investigates. INIT briefly fell to $0.115 yesterday, then rebounded steadily to recover its losses, with momentum picking up in early trading today.
The area around the 24h high of $0.157 is a key level for the rebound; holding above it could open up further upside. Around $0.13 has formed short-term support below. However, the scope of the attack and the official damage assessment remain unclear, as does when the network will resume. The rebound appears to be driven mainly by dip-buying as panic subsides, so be cautious about chasing prices higher.
Up 19.7% in 5 minutes, up 14.8% over 24h, current price $0.1489, 24h trading volume approximately $8.71 million
Initia’s mainnet was halted yesterday following a security attack: exploiting a vulnerability in a Move contract, the attacker minted approximately 2 million AUSD without collateral and transferred about $2.6 million in assets across chains. The team has paused the network while it investigates. INIT briefly fell to $0.115 yesterday, then rebounded steadily to recover its losses, with momentum picking up in early trading today.
The area around the 24h high of $0.157 is a key level for the rebound; holding above it could open up further upside. Around $0.13 has formed short-term support below. However, the scope of the attack and the official damage assessment remain unclear, as does when the network will resume. The rebound appears to be driven mainly by dip-buying as panic subsides, so be cautious about chasing prices higher.