On November 21, a bug in Cardano allowed an oversized hash to bypass validations, splitting the chain, which raised concerns among stakeholders. The bug’s impact prompted stakeholders to release a post-mortem report.
As Cardano’s price dropped to below 0.40 USD, traders expressed anxiety and engaged in significant short leveraging. Cumulative short positions totaled 91 million USD, with increasing risks of further decline if upgrades do not proceed smoothly.
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