MAPO fluctuated by 109.4% in 24 hours: ButterNetwork cross-chain bridge vulnerability led to massive token minting

Volatility Summary

In the past 24 hours, the price of MAPO has experienced dramatic fluctuations, currently quoted at $0.002110. The 24-hour high reached $0.003070, while the low dropped to $0.001466, resulting in a volatility amplitude of 109.4%. During this period, the price first surged rapidly and then sharply retraced, reflecting the market's extreme reaction to unexpected events. Public market data shows that trading volume significantly increased during the event; however, authoritative on-chain aggregation platforms have not yet released real-time data on the specific 24-hour turnover and capital net flow.

Brief Analysis of the Cause of the Abnormal Movement

This abnormal movement directly stems from a security incident that broke out within the past 24 hours:

- A Solidity contract vulnerability in Butter Network’s cross-chain bridge (V3.1) allowed attackers to successfully mint about one trillion MAPO tokens via the bridge, far exceeding the project’s legitimate circulating supply and resulting in a rewrite of the tokenomics.

- Security firms such as PeckShield issued warnings approximately 20 hours after the incident, confirming that the massive minting may have resulted from a smart contract vulnerability or privilege abuse.

- The MAP Protocol official team immediately suspended the cross-chain bridge between MAPO ERC-20 and the mainnet to prevent further losses and launch an investigation.

All of the above incidents occurred within the past 24 hours, and constitute the only verifiable direct driver for the dramatic price volatility, with no other mainstream news or capital activity corroborated.

Market Sentiment and Outlook

The prevailing sentiment among the community and analysts is extremely pessimistic. The incident is widely portrayed by the X platform and crypto media as a “bridging security collapse” case, raising concerns over major damage to project trust. Some opinions suggest that if the minted tokens enter circulation, it will further dilute the value of existing holdings; in the short term, prices may continue to face pressure, and attention should be focused on official investigation results and progress on bridge recovery. Regarding risk warnings, multiple media outlets emphasize that cross-chain bridges remain a prime target for hackers and recommend users closely monitor official announcements to avoid blindly buying the dip.