Binance attacker sells approximately $5 million worth of PROM at $71
After a security incident, market action usually goes through three stages:
1) Panic: As news spreads, selling is at its most intense;
2) Digestion: How large the loss is relative to market cap, and whether the stolen funds are flowing into the market;
3) Aftermath: The team's progress in handling the situation determines whether sentiment recovers.
$PROM Current price: 5.512, 24h: -6.4%. Don't rush to buy the dip—wait until the second stage becomes clearer.
#PROM
After a security incident, market action usually goes through three stages:
1) Panic: As news spreads, selling is at its most intense;
2) Digestion: How large the loss is relative to market cap, and whether the stolen funds are flowing into the market;
3) Aftermath: The team's progress in handling the situation determines whether sentiment recovers.
$PROM Current price: 5.512, 24h: -6.4%. Don't rush to buy the dip—wait until the second stage becomes clearer.
#PROM