ton

Price Rebound: TWT plunged to $0.76 following the exploit news but quickly rebounded by over 10% to $0.828 after Trust Wallet promised full compensation.
Technicals: A bullish MACD crossover on the 4-hour chart suggests a potential short-term recovery, with key support at $0.78 and resistance at $0.87.
Core Issue: A security breach in a specific version of the Trust Wallet browser extension led to a $7 million loss, which the company has committed to fully refunding.
Whale Sentiment: Despite the price recovery, smart money data shows a strong bearish stance, with a long/short ratio of just 0.044, indicating whales are heavily positioned for a downturn.
Market Status
Trust Wallet Token (TWT) is priced at $0.828, up 0.75% in 24 hours, with a market cap of $338.3 million (Rank 100).
After dropping to $0.76 on Dec 25th, the price recovered amid significant trading volume, now at $22.6 million.
Core Driving Factors
A major security exploit affected version 2.68 of the Trust Wallet browser extension, leading to user losses of approximately $7 million.
The vulnerability was reportedly a supply chain attack, where malicious code was injected to steal users' seed phrases. Mobile app users were not affected.
In a crucial move to restore confidence, Trust Wallet and Binance's founder, Changpeng Zhao, publicly announced that all losses from the hack would be fully reimbursed to the affected users.
Speculation has emerged about the possibility of insider involvement in the security breach, which is currently under investigation and has become a key focus of the crypto security community. Link
Smart Money Flow
Whale positioning is strongly bearish, with 255 short positions versus 46 long, creating a skewed long/short ratio of 0.044.
Short-selling whales are profitable with an average entry price of $0.9378.
Long-position whales face slight losses with an average entry of $0.8422, risking an exit if the price doesn't recover.
Trading Strategy
The price successfully bounced off the key support level of $0.78. This level should be monitored closely; a break below it could signal further bearish momentum.
On the 4-hour chart, the MACD has formed a bullish crossover, and its histogram is positive (0.0007), suggesting that short-term upward momentum is building.
The Relative Strength Index (RSI) is at a neutral 51.7, indicating that the asset is neither overbought nor oversold and has room for movement in either direction.
Immediate resistance is found at the $0.87 level. A decisive break above this price, accompanied by strong volume, could open the path towards the next psychological target of $1.00.
⚠️ Disclaimer: This information is based on community discussions and has not been verified against official Binance sources. Please check Binance's official announcements and documentation for the most accurate and up-to-date information.
$TON
$MITO
#CPIWatch
#TON #MİTO