The Normie memecoin exploit caused a significant decrease in its market capitalization, leading to substantial losses for investors.

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The Normie memecoin exploit caused a significant decrease in its market capitalization, leading to substantial losses for investors.

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The attacker targeted a vulnerability in the token’s tax function, draining its liquidity pools and causing the market cap to plummet from $42 million to $1700.
Within a few hours, Normie's market capitalization plummeted from a healthy $42 million to a meager $100,000 at its lowest point.

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Impact of Normie memecoin exploit on Investors