I'm noticing something unusual with $INIT: its chain has been halted since Tuesday — and the token doubled anyway.
Round trip, in receipts. November 8 close: $0.12. November 10, hours after the halt: $0.27 close, $0.33 high. November 11: a $0.395 spike, then a close at $0.14 — the whole pump, gone in a day.
This is the second halt in three weeks. The October 23 exploit took about $2.7 million. This one moved about $3.27 million through forged withdrawals, with $2.16 million stuck on the paused chain. No restart date has been set.
Spot volume ran $42 million in 24 hours — more than the token's $31 million market cap. Until the chain restarts, the price trades on contracts, not a working network.
My lines: support $0.132, then $0.12. Resistance $0.207, then $0.275. A daily close under $0.12 breaks the pre-pump base; above $0.207, the pump story gets a second hearing.
Caught at the top near $0.39, riding it up from $0.12, or watching from the sidelines until the chain restarts — which one are you?
NFA, DYOR.
$INIT #Initia #CryptoNews #Exploit
Round trip, in receipts. November 8 close: $0.12. November 10, hours after the halt: $0.27 close, $0.33 high. November 11: a $0.395 spike, then a close at $0.14 — the whole pump, gone in a day.
This is the second halt in three weeks. The October 23 exploit took about $2.7 million. This one moved about $3.27 million through forged withdrawals, with $2.16 million stuck on the paused chain. No restart date has been set.
Spot volume ran $42 million in 24 hours — more than the token's $31 million market cap. Until the chain restarts, the price trades on contracts, not a working network.
My lines: support $0.132, then $0.12. Resistance $0.207, then $0.275. A daily close under $0.12 breaks the pre-pump base; above $0.207, the pump story gets a second hearing.
Caught at the top near $0.39, riding it up from $0.12, or watching from the sidelines until the chain restarts — which one are you?
NFA, DYOR.
$INIT #Initia #CryptoNews #Exploit
