MAPO Token Plummets 96% Following Security Exploit
- Token Crash: The native token MAPO of the Map Protocol plummeted 96% on Wednesday due to a security exploit in the Butter Network cross-chain bridge, dropping from approximately $0.003 to $0.0001, severely undermining investor confidence.
- Attack Details: The attacker minted up to a quadrillion MAPO tokens using a newly created externally-owned account (EOA) and subsequently dumped around a billion MAPO tokens, draining approximately 52 ETH worth about $180,000 from Uniswap liquidity pools, exacerbating market instability.
- Vulnerability Impact: Map Protocol identified the vulnerability in the Solidity contract layer, pausing the mainnet and initiating migration, which highlights the security concerns in the DeFi space, especially as at least 18 protocols have been compromised in the past month.
- Follow-Up Actions: The Map Protocol plans to announce a new contract address and conduct an asset snapshot at an appropriate time, committing to invalidate any remaining tokens held by attacker-controlled addresses, aiming to restore user trust and safeguard future asset security.
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Technical Analysis for UNI
Technical Sentiment Analysis for Uniswap (UNI). As of , Uniswap (UNI) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 6 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for UNI 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, UNI 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 $-.
Uniswap (UNI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 2.834 | 3.047 | 3.264 | 3.477 | 3.694 | 3.907 | 4.124 |
| Fibonacci | 3.047 | 3.212 | 3.313 | 3.477 | 3.642 | 3.743 | 3.907 |
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