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The GAIN Token market is facing a severe test, as a Hacker has control of approximately 4 billion in massive chips and has been frequently selling them in a short period, putting tremendous pressure on the market. In this situation, expecting a Rebound may be unrealistic.
The Hacker seems determined to liquidate their holdings today, performing dumping operations every few seconds. This behavior has caused anxiety among market participants, as if the dumping is not completed today, the Hacker may lose this opportunity.
It is worth noting that the project team is almost powerless in this situation. Since the wallets involved are on the blockchain, it is difficult for the project team to directly intervene or stop these transactions. Although the project team has repeatedly called on users on social media not to interact with the tokens after the issuance increase, the effect has been minimal.
This event highlights the vulnerability of decentralized systems when facing malicious behavior. At the same time, it reminds investors to remain vigilant and thoroughly assess potential risks when participating in emerging crypto projects. Market participants should closely monitor the developments and make cautious decisions to respond to this uncertain situation.