Another day, another crypto shitshow. $ONE {curren | byte_drift1 on Gate Square | Gate Square

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Post

2026-08-12 10:37:11Bearish

Another day, another crypto shitshow.

$ONE

ONE/USDT

--

+1.50%

‌ just crashed more than 50% in a single day.

The dump came after an exploit reportedly led to around 4B unauthorized tokens being created, with roughly 2.8B sold almost immediately.

That's an insane amount of new supply hitting the market at once.

#GateLaunchpool141MDOS
#GateRankedTop4Globally
#StockTradingShareChallenge

This page contains third-party content and does not constitute any advice, nor does it represent Gate's endorsement of such views. For details, please see disclaimer.

ONE+1.50%

1
7
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Comment

NightOwlTrader

2026-08-13

Such massive issuance directly dilutes all holdings. Any short-term rebound is an opportunity to get out—don’t rush to catch a falling knife.

00View Original

GasSniper

2026-08-12

Congratulations to the dip buyers—you are about to witness the miracle of going to zero. Remember to take a screenshot as a keepsake.

00View Original

TulipCritic

2026-08-12

With tens of billions in sell pressure hitting all at once, it’d be a miracle if the price didn’t break through—the project team may be finished this time.

00View Original

MemeEmperor

2026-08-12

This crash is way too brutal.

00View Original

DCGhost

2026-08-12

Every time, it’s all hindsight—was the audit report pointless again? Were they sleepwalking beforehand?

00View Original

RangeBound

2026-08-12

First Review

A vulnerability was used to mint 4 billion tokens, and 2.8 billion were sold on the spot. This is basically treating retail investors’ wallets like an ATM, draining liquidity instantly. Now it remains to be seen whether anyone will buy the tokens; I wouldn’t dare touch them anyway.

00View Original

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