MASK Surges 11.64% After Founder Wallet Hack and Major Holder Deposit Spurs Volatility

Mask Network (MASK) is currently trading at $2.840 with a 24-hour price increase of 11.64% and significant trading volume, reflecting strong market activity and volatility. The recent price surge and fluctuations are attributed to a combination of factors, including a major wallet hack involving the founder on June 1, 2025, which initially triggered sharp volatility and a price drop, followed by a rapid recovery and renewed bullish sentiment as the market absorbed the news and trading activity intensified. Additionally, a large holder's deposit of 756,766 MASK tokens to an exchange at a realized loss of $366,000 contributed to increased market movement and liquidity, further influencing short-term price dynamics.