Altcoins Grapple with Security Exploits, Bearish Signals, and Stagnation
Altcoins Grapple with Security Exploits, Bearish Signals, and Stagnation
Recent reports reveal a mixed to negative outlook for several altcoins. IoTeX suffered a private key exploit, leading to a $2 million drain and a 9% price drop for IOTX. Solana's recent price rally is being flagged as a potential bull trap, with long-term holders exiting and leverage building quickly. Meanwhile, XRP is experiencing a three-week streak of ETF inflows, yet its price remains stagnant below $1.50, suggesting underlying weaknesses despite institutional interest.
IoTeX Hit by Private Key Exploit, Attacker Drains Over $2 Million
A private key exploit gave an attacker control of IoTeX’s TokenSafe and MinterPool contracts on February 21. Eventually, the hackers drained an estimated $2 million in crypto assets, sending IOTX down by over 9%. Why it matters: The details:
Solana Price Faces a Bull Trap as 50% Holders Exit
Solana’s price rose 2.9% over the past 24 hours and broke above a key inverse head-and-shoulders neckline on the 12-hour chart. This breakout typically signals a trend reversal and offers more than 50% upside potential. But the breakout is happening while long-term holders exit aggressively and leverage builds quickly. These conflicting signals now create a
XRP Flaunts a 3-Week ETF Inflow Streak, So Why is Price Still Stuck Below $1.50?
XRP price has traded mostly flat over the past 24 hours and the past week. This sideways move shows clear market indecision. On the surface, institutional activity looks supportive. XRP spot ETFs have now recorded three straight weeks of inflows. But underneath this positive trend, a hidden weakness is quietly building. Several technical and on-chain