If you've been in crypto for a while, you probably remember $SWEAT — the popular "walk-to-earn" app.
I noticed it randomly pumping over 700% on coinmarketcap today and wondered what was going on.
Turns out, the project was recently hacked for about $3.5 million. The hack caused a big price crash, and this massive pump we're seeing now is basically the recovery bounce.
Crypto can be wild like that. A project gets hacked, dumps hard, starts recovering… and suddenly ends up as one of the biggest gainers on the charts.