MAPO fluctuates 45.8% in 24 hours: Bridge vulnerability triggers massive token minting, causing price volatility
Bitget Pulse2026/05/22 16:02Volatility Overview
In the past 24 hours, MAPO’s price has fluctuated significantly between a low of $0.001681 and a high of $0.002450, with an amplitude of 45.8%. The current price has rebounded to $0.002000. During this period, trading volume soared, reflecting a mix of panic selling and speculative trading in the market.
Brief Analysis of the Event’s Cause
- Core Direct Trigger: Around May 21, 2026, Map Protocol’s Butter Network cross-chain bridge (Butter Bridge) suffered from a smart contract vulnerability. The attacker exploited a flaw in Solidity coding to mint approximately one trillion MAPO tokens (far exceeding the legitimate circulating supply). The attacker then dumped about one billion tokens on Uniswap, extracting roughly 52 ETH (worth about $180,000), causing severe shock to the liquidity pool.
- Project’s Emergency Response: After the incident, Map Protocol immediately suspended token swapping and bridging services between ERC-20 and the mainnet, and initiated a token migration plan and asset snapshot to freeze wallets associated with the attacker and support legitimate holders in conversion. This move aims to limit further sell-offs, but the nearly one trillion tokens retained by the attacker remain a threat to other liquidity pools and potential exchange listings.
- On-chain and Market Transmission: The event caused the price to drop rapidly from about $0.003, triggering a cascade of panic. Within 24 hours, it hit extremely low levels (some data show nearly the $0.0001 range), with trading volume surging.
Market Views and Outlook
The prevailing sentiment among the community and analysts is one of high caution and fear. Discussions on platform X are focused on “bridge security vulnerabilities ringing the alarm bell once again.” Most believe MAPO will face continued selling pressure in the short term, especially since the attacker’s remaining tokens may keep impacting the market. Some observers point out that the project’s swift suspension and migration measures could partially restore confidence, but overall liquidity and listing prospects are damaged. It’s advisable to closely monitor the migration progress and new contract deployment. Risk reminder: Security incidents are frequent among DeFi bridge projects, often leading to long-term value re-evaluation. Investors should be wary of further downside or liquidity exhaustion.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring, for informational reference only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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