H is now at 0.06 USD. Earlier this month it was around 0.84 USD. Now it has dropped this much. Many people may not know what happened.

On June 8, the project was hacked. A developer's computer was infected with a virus, and the private key was leaked. The hacker directly stole over 100 million H from Ethereum, and additionally minted 200 million on the BNB chain. The loss was about $36 million. This incident directly shattered market confidence. Everyone is wondering whether this project can survive.

What's worse, on June 25, another 200 million tokens were unlocked and entered the market. Two bad things happened at once, and the price had no resistance.

Now at 0.06 USD, the project team is still handling the aftermath. They have offered a $1 million bounty to hunt down the hacker and are cooperating with law enforcement agencies.

H itself is not without substance. It has a partnership with Mastercard, and registered users are approaching 9 million. It is not an empty project.

But once trust is broken, it is very slow to repair.