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Ethereum fork token ETHPoW climbs 150% after smart contract hack — A fakeout rally?

Published 09/27/2022, 09:10 AM
Updated 09/27/2022, 10:40 AM
Ethereum fork token ETHPoW climbs 150% after smart contract hack — A fakeout rally?

ETHW has logged a significant price rebound despite its blockchain network, ETHPoW, suffering a smart contract hack in the first week after its launch.

ETHW rebounded more than 150% eight days after the attack and traded for around $10.30 on Sept. 27.

ETHW/USD daily price chart. Source: TradingView
ETHW/USD four-hour price chart. Source: TradingView
ETHPoW hash rate performance since launch. Source: 2miners.com
ETHPoW TVL as of Sep. 27, 2022. Source: Defi Llama
DApps functional atop ETHPoW chain. Source: Defi Llama

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Latest comments

Hopefully it is not a pump to dump
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