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ATOM Plunges 6% as North Korea Links Trigger Security Concerns

Cosmos token faces significant selling pressure amid geopolitical tensions and broader market uncertainty.

By Oliver Knight, CD Analytics
Jun 17, 2025, 3:00 p.m. 1 min read
ATOM/USD (CoinDesk Data)
ATOM/USD (CoinDesk Data)

What to know:

  • Former Cosmos developer with North Korea links prompts security overhaul at Interchain Labs, with audits showing no current vulnerabilities in ATOM's codebase.
  • ATOM experienced a significant downward trend over 24 hours, falling from $4.276 to $4.086, representing a 5.52% decline.
  • Overall momentum remains bearish with lower highs forming across multiple timeframes.

The discovery of a North Korea-linked developer who contributed to Cosmos code between 2022-2024 has triggered enhanced security measures, while major exchanges expand staking options for ATOM holders despite market pressure.

ATOM is currently trading at $4.086 after losing 5.52% of its value over the past 24 hours.

Technical analysis

  • A sharp sell-off occurred during 22:00-23:00 hours on June 16th with exceptionally high volume (1.4M+), establishing resistance at $4.29.
  • Support emerged around $4.06-$4.07 with increasing volume, suggesting potential stabilization.
  • Overall momentum remains bearish with lower highs forming across multiple timeframes.
  • A notable recovery occurred in the last hour, climbing from $4.077 to $4.084 (0.17% increase).
  • Significant bullish momentum between 13:24-13:30 saw ATOM surge from $4.076 to $4.096 on elevated volume.
  • The hourly close at $4.084 suggests stabilization above the $4.07 support level.
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