MAPO fluctuates 45.8% in 24 hours: Bridge vulnerability triggers large-scale sell-off

Volatility Overview

MAPO experienced drastic price fluctuations in the past 24 hours, currently priced at $0.001947, with a 24-hour high of $0.002450 and a low of $0.001681, resulting in an overall amplitude of 45.8%. Trading volume surged significantly during this period, with multi-platform data showing a spike in 24-hour turnover, reflecting rapid inflows and outflows of capital. After a swift price surge from the lows, the price retraced, displaying typical characteristics of a high-volatility crash.

Brief Analysis of Abnormal Movement Causes

The primary direct driver of this abnormal movement was that Map Protocol (MAPO) Butter cross-chain bridge suffered a hacker attack:

- The attacker exploited a vulnerability in the Butter Bridge to mint approximately 1 trillion MAPO tokens—over 100,000 times the legitimate circulating supply—resulting in market panic selling.

- The incident occurred within the past 24 hours; the attacker subsequently dumped some of the tokens in liquidity pools on Uniswap and other venues, cashing out about $110,000 ETH, while the remaining huge amount of tokens continues to exert pressure on the market.

- Multiple exchanges (such as KuCoin) quickly issued risk warnings, suspending or restricting MAPO trading, which further exacerbated liquidity dry-up. The team has suspended bridging services and plans to reset the contract.

All of the above are verifiable facts from public on-chain monitoring and news reports, with no other positive catalysts emerging.

Market Views and Outlook

The prevailing sentiment among the community and analysts is one of extreme fear and caution. Discussions on platform X are focused on “bridge security vulnerabilities” and “tokenomics being rewritten.” Most believe prices will likely remain in a low and volatile state for the short term, with some traders warning of a possible further drop to around $0.0001. Mainstream forecasts stress the need to monitor the team's subsequent contract migration and vulnerability fixes; risk warnings include potential regulatory scrutiny and liquidity crises. Investors are advised to closely follow official announcements and avoid blindly bottom-fishing.