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Crypto DeFi

FUN Token Plunges 95% on Uniswap as Binance Exploiter Sells

The main address linked to the Binance exploit sold FUN on Uniswap, causing the token to plunge 95% in the pool. The same address also sold RAD and OGN, while about 580.8 million unsold FUN was transferred back to the collection wallet.

Original source

AI take

The forced liquidation of FUN by the Binance exploiter's address is a reminder that large, unsold token balances tied to compromised wallets remain an overhang for DeFi liquidity pools. The near-total collapse in the Uniswap pool, alongside sales of RAD and OGN, shows how concentrated holdings can amplify market impact when moved through automated market makers. The key question is whether the 580.8 million FUN returned to the collection wallet will be liquidated through similar channels or held, and whether other exploit-linked addresses prompt further scrutiny of tokens with concentrated, at-risk supply.

Generated by AI for reference only.

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