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fwDETH price once dropped over 95% to $85 within the day, and is now at $700, still in a state of dislocation.
On October 11th, according to market data, the price of Blast on-chain wrapped token fwDETH dropped more than 95% to around $85 after the "USD 35 million fwDETH theft case" occurred earlier today. It has since rebounded to $700, but still has a 24-hour drop of 63.77%, in a serious state of dislocation. BlockBeats previously reported that a Whale Address was phished earlier today, losing 15,079 fwDETH tokens worth approximately USD 35 million. On-chain data analysis firm Lookonchain said the address may be related to Continue Capital.