MAP Protocol's MAPO Token Collapses After Suspected Infinite Mint Exploit
- Token Collapse: The MAPO token collapsed on May 20 due to a suspected infinite mint exploit linked to its Butter Bridge infrastructure, plummeting approximately 95% within 24 hours from about $0.003097 to $0.00013, with market capitalization dropping below $1 million, indicating a severe loss of market confidence.
- Attack Details: An early on-chain alert revealed that the attacker earned 52.2 ETH, valued at around $110,000, through infinite minting of 1,000,000,000,000,000 MAPO tokens, underscoring the exploit's severity and its direct threat to liquidity.
- Cross-Chain Security Risks: This incident highlights security vulnerabilities within MAP Protocol's cross-chain infrastructure, which focuses on light clients and MPC-based threshold signatures, yet the attack appears to involve flaws in bridge message validation, potentially jeopardizing user asset security.
- Follow-Up Risks: For MAPO holders and liquidity providers, the immediate risk lies in supply integrity, with follow-up disclosures needed to clarify whether affected contracts are paused, if exchanges or DEXs will restrict trading, and how to handle the fake supply and any tokens held by the attacker.
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Technical Analysis for MAPO
Technical Sentiment Analysis for MAP Protocol (MAPO). As of , MAP Protocol (MAPO) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 6 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAPO 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, MAPO 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 $-.
MAP Protocol (MAPO) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.000159 | 0.000685 | 0.00149 | 0.00233 | 0.00313 | 0.00398 | 0.00478 |
| Fibonacci | 0.000685 | 0.00131 | 0.0017 | 0.00233 | 0.00296 | 0.00335 | 0.00398 |
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