THENA (THE) sees 196.2% volatility in 24h: VenusProtocol flash loan attack triggers 17% drop
Bitget Pulse2026/03/16 00:03Volatility Overview
In the past 24 hours, THENA's price surged from a low of $0.2029 to a high of $0.601, then fell back to the current $0.2158, with a fluctuation amplitude of 196.2%. 24-hour trading volume soared to about $293 million, significantly higher than usual.
Brief Analysis of Abnormal Movements
- Flash loan attack led the plunge: Venus Protocol suffered a $3.7 million “supply cap” attack, exploiting the low liquidity THENA pool. Tens of millions of THE tokens used as collateral were liquidated, directly causing prices to drop over 17% within 24 hours.
- Early Pump: The price rapidly soared from $0.22 to over $0.49 in just a few hours, accompanied by high trading volume, but without a clear announcement driver.
Market Views and Outlook
Market sentiment has turned cautious. The community regards the previous pump as short-term speculation, and attributes the subsequent crash to liquidation pressure caused by the attack. Analysts suggest watching for a rebound near the $0.20 support level; if it holds, higher levels may be tested. However, risks include further liquidation and insufficient liquidity.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring. For information 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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