Binance hacker dumps little-known 2017 token FUN, crashing it 90%
AI summary
A hacker tied to the Binance breach dumped FUN, a little-known 2017 token, along with other smaller tokens into thin markets. The selling pressure was too large for those markets to absorb, crashing FUN by 90%. Traders holding low-liquidity legacy tokens should note the risk of sudden, outsized drawdowns when large holders exit.
Narrative history
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52M AGOThe Defiant · Score 55 · via FUN, crashing
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1H AGOYou’re reading thisBinance hacker dumps little-known 2017 token FUN, crashing it 90%CoinDesk · Score 45
