Cryptocurrency analytics firm Santiment has released two altcoins that have serious FUD.
Cryptocurrency analytics firm Santiment discussed two altcoins that they believe are experiencing Intense “FUD” in my post.
According to the analytics firm, fear is looming over two cryptocurrencies: Bitcoin (BTC) and Bittensor (TAO).
According to analysts, Bittensor is facing FUD and seeing its value drop due to security hole resulting in a total theft 8 million TAO dollars from the user’s cryptocurrency wallet.
For Bitcoin, on the other hand, the brief drop below $60,000 has traders talking about their inclination to sell the asset “before it’s too late”.
The Bittensor blockchain has been halted following an attack on some users’ wallets, causing the price of TAO to drop by 15%.
The investigation into the attack, which is suspected to have been caused by a private key leak, is ongoing and Bittensor has been brought in. “safe mode” to prevent further transactions until more information is available.
“We are investigating and out of an abundance of caution, we have recently completely paused on-chain transactions until we learn more about the nature of this attack,” a core member of the Bittensor team wrote on the project’s Discord channel.
😱Fear is in the air, as traders are discussing:
💸 Bittensor has plummeted following a security breach that collectively drained $8M worth of TAO from wallets.
📉 Bitcoin briefly dropped below $60K, leading to traders expressing worrying narratives and interest in “selling… pic.twitter.com/kYdWF5fyTm— Santiment (@santimentfeed) July 3, 2024
Santiment Names 3 Altcoins With Potential Bullish Signs
