$FET dropped 4.7% today, right after the ASI Alliance's own team admitted to a bridge exploit vulnerability tied to FET token migration.
that's not a headline i want to see about a coin i'm holding. their own post says they caught it, responded immediately, and are working with security partners now, but "we caught an exploit vulnerability" coming from the project itself hits different than a rumor from some anon account.
here's the thing though, $FET is still up 13.06% this week. the Robinhood listing news pulled real volume in, and a coin that just found bridge trouble usually can't hold a weekly green number like that if buyers are actually running for the exit.
$FET trades at $0.231 right now, down from a 24h high of $0.2492 and sitting just above the 24h low of $0.223. if it holds $0.223, i think this exploit scare gets priced in fast and it grinds back toward that $0.2492 high. if it loses $0.223, i'm wrong on this and anyone who bought the Robinhood pump is looking at a real drawdown with no floor under it.
holding $0.223 or breaking it?
follow me for more calls like this.
that's not a headline i want to see about a coin i'm holding. their own post says they caught it, responded immediately, and are working with security partners now, but "we caught an exploit vulnerability" coming from the project itself hits different than a rumor from some anon account.
here's the thing though, $FET is still up 13.06% this week. the Robinhood listing news pulled real volume in, and a coin that just found bridge trouble usually can't hold a weekly green number like that if buyers are actually running for the exit.
$FET trades at $0.231 right now, down from a 24h high of $0.2492 and sitting just above the 24h low of $0.223. if it holds $0.223, i think this exploit scare gets priced in fast and it grinds back toward that $0.2492 high. if it loses $0.223, i'm wrong on this and anyone who bought the Robinhood pump is looking at a real drawdown with no floor under it.
holding $0.223 or breaking it?
follow me for more calls like this.
