Solana Network Withdrawal Issues Send AVICI Price Plummeting

A recent incident involving withdrawals from customer card balances on the Solana network has caused AVICI's price to plummet by 37%. The issue, which was confirmed by the company, affected customers' ability to withdraw funds.

The address associated with the exploit held around $604,800 in various cryptocurrencies, including USDC and USDT. However, it is unclear whether this amount belonged entirely to Avici customers.

Despite a brief recovery, AVICI's price remained 37.43% below its opening price of $0.4305. The token had already been experiencing decline for several months prior to the incident.