Axie Infinity🦇🔊 Axie Infinity was fast to react The attackers used that bot so as to add permissions to a faux Jiho account, which then posted a faux announcement a couple of mint. As the Terra (LUNA) crash showed, don’t over-invest in one altcoin – diversify into several play-to-earn games.1/ There was a compromise of the Mee6 bot which was put in on the primary Axie server. Investors should be careful when investing in any cryptocurrency as profits aren’t guaranteed. Some players profited from three-digit APYs, but gamers have numerous alternative play-to-earn crypto games. One of the reasons players flocked to Axie Infinity is that it offered an attractive annual percentage yield (APY). AXS tokens are required to govern the Axie Infinity decentralized autonomous organisation (DAO) and breeding. Players earn in-game cash known as Smooth Love Potion (SLP) by winning games in the Arena and collecting daily rewards.Įarning the AXS token is done by playing various games within the Axie Infinity Universe and through user-generated content initiatives. More than $3.6 billion have been exchanged in it, players buy Axie Infinity to profit from the online game. Play-to-EarnĪxie Infinity is one of the most played games in the play-to-earn ecosystem. But the game’s developers raised a $150 million reimbursement to affected users.
The hack resulted in the disappearance of 173,600 Ether and 25.5 million USD Coins-valued at over $600 million. In March 2022, Axie Infinity experienced a hack in the Ronin network, an Ethereum sidechain built for the game. The official MEE6 Discord support channel claimed that its engineers didn’t notice unusual activity. The developers stated that the compromise of MEE6 isn’t something new, claiming that many projects faced similar issues. The hack left players shaken, adding more uncertainty to the game’s future. It immediately deleted the hacked announcement, then removed the MEE6 bot from the server and stated that it would never do a surprise mint. The attackers used that bot to add permissions to a fake Jiho account, which then posted a fake announcement about a mint.’ Axie Infinity tweeted, ‘There was a compromise of the Mee6 bot which was installed on the main Axie server. And Axie Infinity has proved that it can do a blow-off top.īut what’s caused investors to be bearish on Axie Infinity? Discord Server HackĪxie Infinity experienced a hack to its Discord server in May 2022, resulting in a compromise of its MEE6 bot. Crypto investors have witnessed numerous coins lose that much value and go on to set a new ATH. That’s where the price seems to be heading, but what happens then? Not much further downside is available after that support, and Axie Infinity will lose around 90% of its value at key support. The next key support for Axie Infinity is in the $10 region. Its key support was at around $36, which it broke through and continued making lower lows. What makes its price movement scarier is that further downward movement is possible. But since reaching its ATH, the NFT has been in a bear market.Ĭurrently trading at around $21, Axie Infinity has lost 87% of its value. So Axie Infinity has proved that it can do massive pumps in a short period. Investors who bought Axie Infinity in June 2021 went on a massive bull run of 4,500% to reach a new all-time high (ATH) of $165 in November 2021. Cryptoassets are a highly volatile unregulated investment product.
0 kommentar(er)
