MASK Surges 31% After Security Breach, Trading Volume Soars Amid Market Volatility

Mask Network (MASK) is currently trading at $2.706 on Binance, reflecting a 31.36% price increase over the past 24 hours with a significant surge in trading volume. This sharp upward movement follows a major security incident on June 1, 2025, when the founder’s wallet was hacked for approximately $4 million, initially causing a 7% price drop but subsequently leading to a rapid rebound and increased market activity. The heightened volatility and trading volume are primarily attributed to the market’s reaction to the security breach, renewed attention on MASK as a top gaming token, and broader speculative trading in response to recent events. Despite the recent price recovery, the overall market trend for MASK remains bearish in the medium to long term.