đš ONE CRASHES 40% â 4 BILLION TOKENS MINTED?!
Harmonyâs ONE just took a brutal hit, and the supply shock is the biggest red flag. đłđ
An apparent exploit reportedly created around 4 billion new ONE tokens â more than 25% of the previous supply.
The market reacted fast:
đ» ONE plunged ~40%
đȘ ~4B tokens reportedly created
đ Harmony paused its bridge
âïž Exchanges are being asked to freeze linked funds
đ ïž An emergency software fix is being prepared
đ A possible blockchain rollback is also being considered
From a price-action perspective, this is not a normal dip. A sudden supply increase can destroy confidence and create heavy selling pressure.
â ïž Iâd avoid chasing any bounce until Harmony clearly explains how the mint happened and what happens to the newly created ONE.
For traders, the key levels are simple: watch whether buyers can reclaim lost support or if every bounce gets sold.
Would you touch ONE after a 40% crash? đ Comment your view and follow for more crypto market updates.
#HarmonyOS
Harmonyâs ONE just took a brutal hit, and the supply shock is the biggest red flag. đłđ
An apparent exploit reportedly created around 4 billion new ONE tokens â more than 25% of the previous supply.
The market reacted fast:
đ» ONE plunged ~40%
đȘ ~4B tokens reportedly created
đ Harmony paused its bridge
âïž Exchanges are being asked to freeze linked funds
đ ïž An emergency software fix is being prepared
đ A possible blockchain rollback is also being considered
From a price-action perspective, this is not a normal dip. A sudden supply increase can destroy confidence and create heavy selling pressure.
â ïž Iâd avoid chasing any bounce until Harmony clearly explains how the mint happened and what happens to the newly created ONE.
For traders, the key levels are simple: watch whether buyers can reclaim lost support or if every bounce gets sold.
Would you touch ONE after a 40% crash? đ Comment your view and follow for more crypto market updates.
#HarmonyOS
