MASK Faces Sharp 17% Drop After Major Sell-Off and Security Breach Amid Staking Event Buzz

Mask Network (MASK) is currently trading at $2.628 on Binance, reflecting a 3.42% decrease over the past 24 hours, with recent trading volumes elevated compared to historical averages. The primary drivers of this price decline include a significant sale of $2.1 million worth of MASK tokens by a large holder, which triggered a 17% intraday drop, and the recent security breach involving the founder's wallet, resulting in the theft of approximately $4 million in cryptocurrency. These events, combined with high trading activity and the announcement of MASK’s upcoming staking event, have contributed to increased volatility and short-term consolidation following a period of strong price gains.