fwDETH price once dropped over 95% to $85 within the day, and is now at $700, still in a state of dislocation.

BlockBeatNews

2024-10-11 05:25:08

ETH-5,75%

BlockBeats news, on October 11th, according to market data, the price of Blast on-chain ETH wrapped Token fwDETH dropped more than 95% to around $85 after the “$35 million fwDETH theft case” occurred earlier today. It has since rebounded to $700, but still has a 24-hour decline of 63.77% and is in a severe dislocation state. As previously reported by BlockBeats, a certain Whale Address was phished earlier today, resulting in a loss of 15,079 fwDETH tokens, worth approximately $35 million. On-chain data analysis firm Lookonchain suggests that this Address may be related to Continue Capital.

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