If you woke up and saw
$FLOW sitting near $0.10, you aren't dreaming. We just witnessed one of the most volatile 24 hours for the "NFT King" in years.
Let’s cut through the noise and look at exactly what happened and whether this is a "Blood in the Streets" buying opportunity or a "Stay Away" warning.
📉 The "Midnight Crash" Breakdown
$FLOW was cruising comfortably around $0.17 until a massive security incident hit the headlines late Saturday (Dec 27). Here’s the 60-second summary:
The Hit: An attacker exploited a vulnerability in the execution layer, draining roughly $3.9 Million in assets.
The Reaction: South Korean exchanges (Upbit, Bithumb) hit the panic button, halting deposits/withdrawals.
The Result: A brutal 40% nosedive, hitting an all-time low of $0.093 - $0.10 before finding a tiny bit of breathing room.
🛡️ Is the Worst Over? (The Recovery Plan)
The
$FLOW Foundation didn't stay silent. They’ve already:
Paused Transactions: Effectively put the network in "read-only" mode to stop the bleeding.
Rolled Back: Proposed a protocol fix (Mainnet 28) to restore the state to before the exploit.
The Good News: User deposits on the main chain appear to be untouched. The hack targeted specific bridged assets and execution vulnerabilities.
📊 Technical Snapshot: Buy or Bye?
Immediate Support: $0.10 (Psychological Floor). If this breaks, we are in uncharted territory.
Resistance: $0.12 (Former support, now a heavy ceiling).
RSI: Sitting in "Extreme Oversold" territory (~26). Historically, this is where "bounce-back" traders start looking for entries.
💡 My Take (The "Human" Angle)
Look, hacks are scary, but recovery defines the project. Flow has a massive ecosystem (Dapper Labs, NBA Top Shot). If the rollback is successful and the $0.10 floor holds, this could be the ultimate "V-shape" recovery play for 2026.
But remember: Don’t catch a falling knife without a plan. Wait for the network to fully resume "Write" operations before aping in.
What’s your move? 👇 Is $0.10 the bottom, or are you waiting for $0.08? Let’s discuss in the comments!
#Flow #FLOWUSD #CryptoNews #BinanceSquare #SecurityAlert