Astra Nova RVV Token Drop 75% Because of Alleged Hack
For October 18, Astra Nova launch their RVV token for Binance Alpha after one presale wey oversubscribe 520× and raise 90,612 BNB. Within small time, the RVV token crash 75%, from $0.03 go $0.007 because heavy chain linked sell-offs. Binance comot the RVV token from their list, talk say e no fit work well technical and e get security risk. Astra Nova talk say some pipo wey dey third party market maker waka hack and liquidate 8.6 billion RVV. Dem give 89 million RVV buyback and 10% bounty for anybody wey fit help do forensic work. Investor trust drop after Astra Nova reduce their airdrop to 15,000 addresses and change vesting to 7-month cliff plus 12-month linear unlock. Analysts dey ask why hackers go convert tokens to USDT wey you fit trace. Traders suppose dey watch how RVV token dey behave, on-chain flows and vesting schedules. This matter show say e good make tokenomics clear and custody secure when new token dey launch.
Bearish
Di crash plus delisting wey happun for di RVV token show say selling pressure dey high plus bad bad sentiment dey. For short term, heavy chain-linked sell-offs plus futures liquidation fit still dey push di RVV token price go down. For long term, changes for tokenomics, vesting dem and security wahala dey weak di investor confidence, wey go cut di chance of recovery. Dis one mean say di outlook for RVV na bearish.