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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.
Updated Jun 17, 2025, 3:00 p.m. Published Jun 17, 2025, 3:00 p.m.
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.
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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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Ano ang dapat malaman:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Saylor Says Strategy Will Not Issue Preferred Equity In Japan, Giving Metaplanet A 12 Month Headstart
MSTR executive chairman shuts down idea of near term expansion of perpetual preferreds in Japan.
Ano ang dapat malaman:
- Strategy (MSTR) will not list a perpetual preferred equity, or digital credit, in Japan within the next twelve months, according to executive chairman Michael Saylor.
- Metaplanet plans to introduce two new digital credit instruments, Mercury and Mars, into Japan's perpetual preferred market, aiming to increase yields significantly compared to traditional bank deposits.
- Japan's market regulations differ from the U.S., as it does not allow at-the-market share sales, leading Metaplanet to use a moving strike warrant for its offerings.
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