Harmony ONE Token Plummets 50% After Hack Exposes Vulnerability

The Harmony (ONE) token plummeted 50% in value following a recent exploit that minted 4 billion tokens, pushing the protocol to new lows after an 80% decline in 2026.

The project reached a $4B valuation in 2021 before experiencing a significant downturn, with its price dropping by 99% through 2025 due to the accelerating impact of AI on the industry and subsequent protocol failures across the sector.

Technical analysis indicates that the price is currently testing lower Bollinger support at $0.0, with an RSI(14) reading of 9.56 in oversold territory and a MACD death cross confirming bearish momentum.