Avici token sinks 39% as hackers drain up to $1 million from Solana neobank

Crypto Insight Summary: Avici, a neobank built on the Solana blockchain, is investigating a security breach that emptied user funds on August 28. Anything from $600,000 to more than $1 million may have been lost, per initial reports. Avici’s AVICI token lost roughly 39% of its value in a single day following the hack. How much was lost... Crypto Insight Analysis: Direction: Bearish AVICI Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Hack-induced sell-off impacts AVICI token but limited to single project.