Ethereum fork token ETHPoW climbs 150% after smart contract hack — A fakeout rally?

ETHW has logged a significant price rebound despite its blockchain network, ETHPoW, suffering a smart contract hack in the first week after its launch.

ETHW rebounded more than 150% eight days after the attack and traded for around $10.30 on Sept. 27.

ETHW/USD daily price chart. Source: TradingViewETHW/USD four-hour price chart. Source: TradingViewETHPoW hash rate performance since launch. Source: 2miners.comETHPoW TVL as of Sep. 27, 2022. Source: Defi LlamaDApps functional atop ETHPoW chain. Source: Defi Llama

Continue Reading on Coin Telegraph

Source link