An unfortunate trader lost over $1 million after a Normie memecoin smart contract exploit. The initial $1.16M investment dropped over 99% to just $150, highlighting the risks in the volatile memecoin market.
The unfortunate trader suffered a loss of over 99% on his initial $1.16 million investment following a smart contract exploit.
“He spent $1.16M to buy 11.23M $NORMIE at $0.1035 from Mar 25 to Apr 9 and has held it until now without selling it.”Normie is a Base-native memecoin that suffered a smart contract exploit that wiped over $41.7 million from the token's market capitalization in just three hours. Lookonchain was the first to flag the exploit in a May 26 X post.
The hacker has demanded that the token launch must occur before they return the stolen funds, as stated in a blockchain message from the exploiter seen by
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