MAPO fluctuates by 41% in 24 hours: Bridging vulnerability aftermath drives sharp price volatility

Volatility Overview

In the past 24 hours, MAPO price experienced significant fluctuations between a low of $0.001113 and a high of $0.001569, with a range of 41.0%. The current price has pulled back to $0.001125. The price demonstrated a highly volatile characteristic, with the highest point rising about 39.5% above the current price and the lowest point falling about 1.1% below the current price. Public market data indicates that trading activity within this range has increased notably, though there is no authoritative real-time summary of the 24-hour trading volume or net fund flow data available.

Brief Analysis of the Cause of the Anomaly

The main direct driver for this price anomaly was the Butter Network cross-chain bridge vulnerability incident on May 21 (approximately 4 days ago, a recent event with ongoing impact on the past 24-hour price):

- The attacker exploited a vulnerability in the bridge contract to mint about 1 trillion MAPO tokens (tens of thousands of times more than the legitimate circulating supply), and dumped around 1 billion tokens on Uniswap and other DEX, draining about 52 ETH (approximately $180,000) in liquidity, causing the price to plummet by 96% from around $0.003 to near $0.0001.

- The project team immediately suspended mainnet and ERC-20/BSC bridge services, initiated a token migration and asset snapshot plan, notified exchanges to freeze deposits and withdrawals, and warned users not to trade affected tokens on DEX.

- After the incident, exchanges such as Bithumb and Coinone placed MAPO on delisting watchlists, further escalating concerns about liquidity and selling pressure.

No new independent news or large-scale on-chain whale activity has been reported in the past 24 hours. Price fluctuations are mainly market reactions and recovery attempts in response to the security event’s aftermath. All information comes from public reports, without subjective speculation.

Market View and Outlook

The community and the mainstream market sentiment remain cautiously pessimistic, with focus on the project’s compromised security reputation and potential delisting risk. Analysts widely point out that this incident exposes the systemic risk of cross-chain bridge security vulnerabilities, which may lead to further liquidity contraction and price pressure in the short term. Some perspectives warn investors to monitor token migration progress and final decisions by exchanges as risk indicators. The market outlook depends on the effectiveness of the project team's emergency measures and feedback from regulators/exchanges. Currently, there is a lack of clear positive catalysts, and volatility is expected to remain high.