Hacker dumps FUN tokens, triggering a 90% price crash
In short
A hacker dumped FUN and other small tokens into the market, and the token price fell 90%. The sales hit markets that could not handle the size of the selling.
This matters because thin markets can move sharply when one seller unloads a lot at once. The reporting does not say who the hacker was or whether prices recovered.
What the reporting says
A hacker dumped FUN and other smaller tokens into markets that were too small to absorb the selling, and the token price crashed 90%, according to CoinDesk’s publisher summary. The source says the selloff hit a little-known 2017 token, but it does not identify the hacker, the exact timing, or whether any recovery followed. The immediate effect was a severe price drop in the targeted tokens.
Why it matters
A hacker sold FUN and other smaller tokens into markets too small to absorb the supply, and the token price dropped 90%, according to the publisher summary. The report points to weak liquidity as the immediate cause of the crash. It does not state who carried out the sale, when it happened, or whether there was any follow-up impact beyond the price collapse.