- NORMIE exploit caused a trader’s $1.16M investment to plummet to less than $150, highlighting high crypto risks.
- Another trader gained $2.7M from MAGA tokens, achieving a remarkable 505% ROI by selling 1.5 billion tokens in three days.
- NORMIE’s development team negotiated with the hacker to return 90% of stolen funds, planning a new token to reimburse holders.
Lookonchain, a blockchain analytics firm, recently reported two contrasting developments involving different cryptocurrencies, highlighting the volatility and risks inherent in the digital asset market. A NORMIE exploit has resulted in substantial losses for one trader, whereas another trader secured impressive gains from trading MAGA.
A trader who invested $1.16 million to purchase 11.23 million NORMIE tokens, buying at $0.1035 each between March 25 and April 9, saw its value plummet to a meager $150 following an exploit. NORMIE’s price fell sharply to $0.000003, marking a 98.69% drop in just 24 hours, with a 24-hour trading volume of $5.82 million. The exploit led to a precipitous decline, highlighting the risks associated with cryptocurrency investments.
Since $NORMIE was exploited, the 11.23M $N…The post Crypto’s Double-Edged Sword: NORMIE Token Exploited, MAGA Investor Profits Big appeared first on Coin Edition.