The 'social money' #WHALE, backed by an #NFT collection, fell more than 90 percent from $ 44 today to $ 3 before recovering to $ 34 again. The reason for this decline could not be determined in the first minutes, but it was realized after a while.
The security breach in Roll, a platform where 'social currencies' can be stored, received and sent, led to deep drops in the price of RARE, ALEX and many other tokens , including WHALE . According to security researcher Igor Igamberdiev , the large amount of tokens stolen in the security breach has been flushed into the market and the attacker quickly gained 3,000 ETH. While 700 of them were sent to Tornado Cash in order to ensure transaction confidentiality and prevent tracking, the tokens lost their value greatly.
↘️Decrease in WHALE price↙️
WHALE price drop, by TradingView
The affected tokens were as follows:
#WHALE
#MORK
#JULIEN
#CHERRY
#FWB
#MIXED
#ALEX
#KERMAN
#SKULL
#HUE
#FIRST
The WHALE founder said in a statement that the amount corresponding to 2.17% of the WHALE supply was stolen. It was stated that all other WHALE tokens are securely stored. In the statement, it was noted that despite the large fluctuation in price due to the liquidity level in #Uniswap, the project survived the hacking event with minimal loss.