AVICI saw a sharp fall after the network confirmed a problem affecting withdrawals from customers’ card balances.
While the token fell
Avici confirms withdrawal problems
The company did not describe the incident as a hack, and it also did not give an estimate of the amount involved or the number of affected customers.
But there are reports that more than
Analysis of a Solana address linked to the incident held $604,818.97 when it was captured.
This included approximately
The funds have left the address since. Its balance of USDC and USDT is zero, and 886.94 SOL, which remained, has been sent to another address.
While the wallet balance supports the report of the
AVICI price falls as concerns spread
AVICI started trading at
It later recovered to around
There was an increase in selling during the fall, but a look at the chart showed that AVICI had already been losing ground for several months, and the withdrawal incident appears to have added to an existing decline rather than started it.
Trading had not concluded as of this writing, so we could still see more price moves. Also, a look at the chart showed that because of its small market, even a small increase in trading activities can lead to large price swings.
For now, it remains to be seen whether it can remain above Friday’s low near
Final Summary
- AVICI fell 37% and briefly traded nearly 52% below its opening price.
- An address linked to the incident held about $604,800, but Avici has not confirmed the reported loss.
