🔻 Why Did MASK Go Down?
MASK experienced a sharp price drop due to a high-profile security breach involving its CEO, Suji Yan. Reports indicate that the CEO’s personal wallet was hacked, resulting in the loss of MASK, ETH, and USDT. Although it was a personal security issue, it shook investor confidence, leading to:
Panic selling in fear of further losses
Speculation about internal security within the project
Market volatility, which compounded the drop
Additionally, Binance delisting rumors and declining engagement on the platform may have added to the negative pressure.
🔢 MASK Max Supply
Max Supply: 100,000,000 MASK (Fixed)
Circulating Supply: ~100,000,000 MASK (i.e., fully diluted)
There is no inflation risk, but since all tokens are in circulation, price increases rely entirely on demand and utility.
🛠️ MASK Real-Life Utility
MASK is designed to bridge Web2 (social media) with Web3 (decentralized apps) by allowing users to access crypto features directly within platforms like Twitter and Facebook.
Core Utilities:
1. Encrypted Messaging:
Send end-to-end encrypted messages over Web2 platforms.
2. Crypto Transfers on Social Media:
Transfer tokens (like BTC, ETH, etc.) within tweets/posts.
3. dApp Integration:
Access NFT markets, DeFi protocols, and more—without leaving the social platform.
4. Token Launches & Airdrops:
Participate in Web3 projects from your Twitter feed.
5. Governance:
MASK holders vote on proposals via MaskDAO to shape the protocol’s future.
6. Fiat On-Ramps:
Buy crypto using fiat in over 60 countries through Mask Network tools.
📌 Summary
MASK fell due to negative sentiment caused by a CEO wallet hack, triggering fear-based selloffs. The token has a fixed max supply of 100M, fully circulating. Its real-life use case lies in embedding Web3 capabilities directly into social platforms—bridging privacy, payments, and dApp access into everyday digital life.
Is this opportunity to buy or it will went down further? Let's discuss in comments
