Hyperbridge exposed a vulnerability, nearly sending Polkadot into the "ICU"…😅
Hackers directly minted 1 billion fake tokens on Ethereum,
#dot , but due to insufficient liquidity, only cashed out $237,000, which was quite ridiculous. The team quickly responded: the core network was not actually breached, only cross-chain assets had issues, and overall security is still under control.
This wave of "debunking + reassuring" was crucial, and market sentiment quickly warmed up. The price rebounded from $1.14 to around $1.35, directly increasing by about 17%. Moreover, user confidence has clearly returned — data shows that over 80% of people have turned bullish, on-chain trading volume surged in a day, and active users are also coming back.
However, the real key point is still at the $1.35 position. This is a clear resistance level, and it has not stabilized after multiple attempts. If it can effectively break through subsequently, the market may directly look towards $1.50; but if it cannot break through, the price may still retrace to $1.20 or even lower.
Another interesting detail: this vulnerability caused the correlation between DOT and
#ETH to directly "reverse", with the correlation changing from highly positive to negative, indicating that the market structure has been disrupted in the short term.
In summary:
This wave follows a typical script of "being hacked → clarification → sentiment repair → price rebound", but the real trend will depend on whether it can break through the key resistance. Next, the market may get even more exciting.👀