🚨 KAVA plunged more than 40% in one hour after 48.3 million bridged tokens were dumped on BSC.
📌 Around 48.3 million KAVA (worth $3.2–3.3 million) was bridged from Kava to BSC and sold for BNB, pushing the price down to $0.037–0.038.
📌 Upbit, Bithumb, and Coinone simultaneously suspended KAVA deposits and withdrawals; the team assured users that the incident was limited to Kava Lend and was not a minting error or a chain hack.
The outflow of funds from KAVA signals strong defensive sentiment, while $BNB benefit in the short term from token selling pressure.
💬 Do you trust the KAVA team’s reassurances, or are you considering exiting your position?
#Altcoins #CryptoNews
🔗 Source: Crypto Briefing
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).
📌 Around 48.3 million KAVA (worth $3.2–3.3 million) was bridged from Kava to BSC and sold for BNB, pushing the price down to $0.037–0.038.
📌 Upbit, Bithumb, and Coinone simultaneously suspended KAVA deposits and withdrawals; the team assured users that the incident was limited to Kava Lend and was not a minting error or a chain hack.
The outflow of funds from KAVA signals strong defensive sentiment, while $BNB benefit in the short term from token selling pressure.
💬 Do you trust the KAVA team’s reassurances, or are you considering exiting your position?
#Altcoins #CryptoNews
🔗 Source: Crypto Briefing
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).