{"id":36280,"date":"2025-07-10T20:16:48","date_gmt":"2025-07-10T20:16:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=36280"},"modified":"2025-07-10T20:16:48","modified_gmt":"2025-07-10T20:16:48","slug":"kinto-token-crashes-to-record-low-amid-suspected-exploit","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=36280","title":{"rendered":"Kinto Token Crashes to Record Low Amid Suspected Exploit"},"content":{"rendered":"
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The native token of Kinto (K), a modular decentralized exchange (DEX), has imploded, dipping nearly 92% in 24 hours after the project confirmed an off-chain exploit tied to its Arbitrum deployment.<\/p>\n

K\u2019s price hit a new all-time low of $0.5114 on July 10, triggering widespread panic, accusations of mismanagement, and claims of a \u201crug pull\u201d across the crypto community.<\/p>\n

Investor Unlock Flood or Exploit?<\/h2>\n

The official Kinto X account confirmed<\/a> the incident, stating:<\/p>\n

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\u201can exploit has happened OFF the Kinto network impacting the $K token deployment in Arbitrum.\u201d<\/p>\n<\/blockquote>\n

The team assured users that funds within Kinto wallets and bridge vaults remain secure, and that there is an ongoing investigation assisted by security firms Seal 911, Hypernative, Venn, and Zeroshadow.<\/p>\n

While the exploit drew immediate concern, community sleuths were quick to highlight another potential catalyst: a July 1 token unlock that released 73.6% or 1.86 million of investor tokens, doubling the circulating supply. As noted<\/a> by X user Yuujiro, investors likely bought in around $10, creating immense sell pressure.<\/p>\n

Analyst HumzyTrades quantified this, stating<\/a> that at least $15 million worth of K tokens were unlocked at the end of June, accusing early investors of timing their dump with the bullish market.<\/p>\n

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\u201cGuess they waited for the markets to turn green & they dumped!\u201d<\/p>\n<\/blockquote>\n

This sudden doubling of available supply, coupled with the alleged exploit announcement, created a perfect storm of panic selling, and within hours, K crashed from $8.12 to under $1, with brief rebounds quickly erased.<\/p>\n

One user, Ichiro Kenz, tracked the chaotic price swings in real time:<\/p>\n

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\u201cI saw the price jump to $3.33 \u2013 46.95% and then back to $0.782 \u2013 87.55%,\u201d he posted on X.\u201dI don\u2019t know who\u2019s playing with this.\u201d<\/p>\n<\/blockquote>\n

At the time of this writing, the token had been obliterated, shedding 91.9% of its value to reach $0.5114. The carnage also extended across all timeframes, with K down 85.3% across three months, 91.0% over the past 30 days, and 85.8% in the last week.<\/p>\n

Amid the chaos, it recorded a trading volume of nearly $2.8 million, while its market capitalization evaporated to just $925,886.<\/p>\n

Fallout and Security Concerns<\/h2>\n

Following news of the alleged breach, sentiment turned sour, with HumzyTrades and influencer 0xPain declaring \u201cKinto rugged\u201d and labeling it a \u201cscam.\u201d<\/p>\n

They were not alone, with the firestorm spreading to other users, one of whom lamented, \u201cOver 70% down in a market where every dogsh*t is green\u2026 my worst investment ever.\u201d<\/p>\n

Trader Dan the Man pressed<\/a> the team for accountability: \u201cWe demand that the Kinto team provide an immediate and detailed explanation.\u201d Others echoed his frustration, citing poor communication and a lack of contingency planning.<\/p>\n

This debacle also lands amid a volatile security landscape. According to a July 5 CertiK report, crypto projects lost<\/a> at least $620 million in Q2 2025, despite $181 million being recovered. The study identified code vulnerabilities and wallet exploits as two of the biggest security issues plaguing the industry, with Ethereum-based ecosystems like Arbitrum proving especially vulnerable.<\/p>\n

The post Kinto Token Crashes to Record Low Amid Suspected Exploit<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The native token of Kinto (K), a modular decentralized exchange (DEX), has imploded, dipping nearly 92% in 24 hours after the project confirmed an off-chain exploit tied to its Arbitrum deployment. K\u2019s price hit a new all-time low of $0.5114 on July 10, triggering widespread panic, accusations of mismanagement, and claims of a \u201crug pull\u201d […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-36280","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36280","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36280"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36280\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}