AirDAO (AMB) Token Rallies Over 4% Despite Hack Incident

• AMB token value climbs 4.16% post-hack, showing strong investor confidence.
• AirDAO’s quick action post-breach sees AMB market cap surge to $37.98M.
• Positive ROC & BBP indicators hint at a bullish trend for AMB despite the hack.

AirDAO, a community-driven blockchain platform, has witnessed a significant uptick in its native token AMB’s value following a security breach.

On March 21, 2024, hackers were able to drain off 126.5 ETH and 41.61 million AMB tokens from its liquidity pools. However, these drawbacks have not stopped the platform from quickly responding and communicating with transparency, leading to a sharp rise in the number of investors who have trust in the AMB token.

Yesterday morning, a hacker drained the AMB/ETH liquidity pool after obtaining access to the LP using a social engineering scam. The scam involved an email with malicious attachments pretending to be one of our known partners.

The AMB/ETH liquidity pool contained:… pic.twitter.com/donFMKAnD9

— AirDAO (@airdao_io) March 21, 2024

At press time, AMB was trading at $0.01226, a 4.16% surge from the intra-day low of $0.01101, where support was established. Moreover, during the rally,…

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