Ethereum News: AiXBT Token Suffers Major Security Breach, While ’Heroes of Mavia’ Token Sees Huge Spike

In the ever-evolving world of cryptocurrency, news of significant developments can drastically impact token prices. Recently, the popular AI bot and influencer AiXBT faced a major security breach, resulting in significant financial losses. On the other hand, the Ethereum game token ’Heroes of Mavia’ experienced a remarkable surge in value. Here’s a closer look at these key developments in the Ethereum ecosystem.

AiXBT Token Falls 20% After Security Breach

Popular AI bot and influencer AiXBT fell victim to a security breach that resulted in the loss of 55.5 ETH—around $105,000 worth at the time. The funds were taken by the creator of a since-deleted X account called FungusMan, who was able to queue malicious X replies into AiXBT’s autonomous response system, generating a tip of 55.5 ETH from the agent’s Simulacrum wallet to the malicious actor’s address.

’Heroes of Mavia’ Ethereum Game Token Spikes 430% Ahead of Expansion Plans

Heroes of Mavia, a blockchain-based mobile strategy game, has seen its MAVIA token on Ethereum surge by 430% over the last week, reaching a current price of $0.61. This surge makes it the largest gainer in CoinGecko’s Gaming (GameFi) category during that span. The token had previously plunged substantially since its launch in February 2024, peaking at $10.59 just a few weeks after launch and dipping to an all-time low under a penny last week.

Ethereum Price At Major Support Level, Will ETH Bounce?

Ethereum (ETH) price is currently finding support around $1,921.61. This level has traditionally been a support price zone, and previous market trends have had significant reactions in this range. Recent price movements indicate that Ethereum has been consolidating within a well-defined range between $1,880 and $1,930 without any strong sentiment in the market. The support zone is gaining a lot of market interest and volume, which implies that traders are interested in this zone and are watching it for reversals or breakdowns.

How Funding Fragmentation Holds Ethereum Back

Ethereum has evolved significantly over the past four years, capable of processing thousands of transactions with decreased costs. However, this success has led to fragmentation, with over 50 L2s operating as siloed ecosystems. End-users must juggle multiple networks, bridge assets, and navigate complex processes to perform basic actions. This fragmented funding landscape has become difficult for builders to navigate.