🚨 MultiversX Recovery Is Moving Into Its Next Phase — And EGLD Is Reacting
MultiversX has identified the root cause of the recent attack as an ordering error in an edge case. Validators contained the incident quickly, while attacker accounts were identified and frozen on major exchanges.
The latest update is important: internal testing of the recovery hard fork is complete and mainnet checkpoints are ready. The team is now preparing Testnet and Devnet rehearsals with validators before restarting the network.
Meanwhile, EGLD remains highly volatile. Price traded around the $3.5–$4.0 area over the weekend before recovering toward $4.3 today, showing that liquidity is still reacting strongly to the recovery headlines.
My take: the hard fork itself is only one part of the recovery. The bigger confirmation will come when the network restarts safely and exchanges and bridges gradually reopen.
I’m watching EGLD liquidity, volume and the $4 zone closely from here.
Do you think the successful network restart can restore confidence in EGLD?
$EGLD $FORM #EGLD #Write2Earn
#MultiversXPlansHardForkRecovery #CircleLaunchesInstitutionalBTCBackedBorrowing
MultiversX has identified the root cause of the recent attack as an ordering error in an edge case. Validators contained the incident quickly, while attacker accounts were identified and frozen on major exchanges.
The latest update is important: internal testing of the recovery hard fork is complete and mainnet checkpoints are ready. The team is now preparing Testnet and Devnet rehearsals with validators before restarting the network.
Meanwhile, EGLD remains highly volatile. Price traded around the $3.5–$4.0 area over the weekend before recovering toward $4.3 today, showing that liquidity is still reacting strongly to the recovery headlines.
My take: the hard fork itself is only one part of the recovery. The bigger confirmation will come when the network restarts safely and exchanges and bridges gradually reopen.
I’m watching EGLD liquidity, volume and the $4 zone closely from here.
Do you think the successful network restart can restore confidence in EGLD?
$EGLD $FORM #EGLD #Write2Earn
#MultiversXPlansHardForkRecovery #CircleLaunchesInstitutionalBTCBackedBorrowing
