Humanity Protocol bounces 210% and leads the crypto market gains after hack
The token $H de Humanity Protocol topped the crypto market gains with a daily jump of 210%, just days after the exploit that crashed its price by over 80%. The rebound comes as doubts about the project's security persist, with the attacker still holding control over an implementation on the BNB Smart Chain that potentially allows for minting new tokens.
The rally happened just a few days after the exploit on June 8, which had triggered a drop of more than 80% in the token's price. Now, the market is watching to see if this recovery represents a sustained change or just a technical bounce after an extreme fall.
The magnitude of the daily rise made $H clearly outperform the rest of the market. While the total crypto sector advanced nearly 1% in the last 24 hours, the Humanity Protocol token recorded a three-digit leap.
On June 12, Humanity Protocol published findings from the security firm Quantstamp. The report outlined tools and methods that the investigation links to North Korean actors, also referred to as DPRK.
On-chain investigator ZachXBT also weighed in on the discussion around the incident. According to reports, he confirmed that the activity described as “suspicious MM/OTC” and the key compromise were actually unrelated events.
H's advance coincided with a moderate improvement in the overall sentiment of the crypto market. The total sector value rose about 1% in 24 hours, in an environment supported by a decrease in tensions between the United States and Iran.
What seems to have happened is a combination of position covering, speculative buying, and the return of participants willing to bet on a partial recovery of the project. This kind of dynamic is common when an asset drops sharply and then finds opportunistic buyers.
The token $H de Humanity Protocol topped the crypto market gains with a daily jump of 210%, just days after the exploit that crashed its price by over 80%. The rebound comes as doubts about the project's security persist, with the attacker still holding control over an implementation on the BNB Smart Chain that potentially allows for minting new tokens.
The rally happened just a few days after the exploit on June 8, which had triggered a drop of more than 80% in the token's price. Now, the market is watching to see if this recovery represents a sustained change or just a technical bounce after an extreme fall.
The magnitude of the daily rise made $H clearly outperform the rest of the market. While the total crypto sector advanced nearly 1% in the last 24 hours, the Humanity Protocol token recorded a three-digit leap.
On June 12, Humanity Protocol published findings from the security firm Quantstamp. The report outlined tools and methods that the investigation links to North Korean actors, also referred to as DPRK.
On-chain investigator ZachXBT also weighed in on the discussion around the incident. According to reports, he confirmed that the activity described as “suspicious MM/OTC” and the key compromise were actually unrelated events.
H's advance coincided with a moderate improvement in the overall sentiment of the crypto market. The total sector value rose about 1% in 24 hours, in an environment supported by a decrease in tensions between the United States and Iran.
What seems to have happened is a combination of position covering, speculative buying, and the return of participants willing to bet on a partial recovery of the project. This kind of dynamic is common when an asset drops sharply and then finds opportunistic buyers.