The market value of Normie memecoin significantly dropped following an exploit on Normie’s smart contract.

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The market value of Normie memecoin significantly dropped following an exploit on Normie’s smart contract.

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Earlier on May 27, the Normie team reportedly agreed to the hacker's offer to return 90% of the stolen NORMIE tokens. This agreement was contingent on Normie using the returned funds, along with $2.3 million from the team's development wallet, to launch a new token to reimburse NORMIE holders.
Normie’s value fell over 96% following the exploit, as its market cap bottomed out around the $200,000 mark before starting a small recovery, according to CoinGecko data.

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Market reactions following exploit of memecoin Normie’s smart contract by hackers