Humanity Protocol's $H Token Plummets Due to Security Breach
- Security Breach Impact: On June 8-9, the $H token plummeted due to malware on a developer's computer that compromised private keys, allowing hackers to steal 141 million tokens and create 200 million new ones, erasing over $1 billion in market capitalization with immediate financial damage estimated between $30 million and $36 million.
- Severe Market Reaction: Following the security incident, the price of $H dropped from approximately $0.67 to a low of $0.05-$0.13 before recovering to around $0.20, yet it remains 70%-75% below pre-attack valuations, indicating a significant loss of market confidence.
- Official Response Measures: Humanity Protocol swiftly suspended all bridging functionalities and established a $1 million USDT reward for information leading to asset recovery, pledging to use any reclaimed assets for market purchases of $H tokens, although no specific buyback schedule has been disclosed.
- Speculation on Internal Coordination: As the June 25 token distribution approaches, researchers have raised concerns about the timeline of the incident, with some commentators theorizing that the breach may have involved internal coordination, further exacerbating investor anxiety.
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Technical Analysis for SAFE
Technical Sentiment Analysis for Safe (SAFE). As of , Safe (SAFE) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SAFE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, SAFE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Safe (SAFE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.074 | 0.0806 | 0.0869 | 0.0935 | 0.0998 | 0.106 | 0.113 |
| Fibonacci | 0.0806 | 0.0855 | 0.0886 | 0.0935 | 0.0984 | 0.101 | 0.106 |
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