H Token on BSC Plunges to Near Zero, Now Trading at $0.003, While the Contract Price on Binance is Currently $0.06, 20 Times Higher Than the On-chain Price

Per data from Farside Investors, U.S. Bitcoin spot ETFs posted a net outflow of $91.4 million on June 8 (June 9 is the date of this report). The breakdown of flows for Bitcoin spot ETFs is: BlackRock’s IBIT saw an outflow of $2.329 billion; Fidelity’s FBTC recorded an inflow of $59.4 million; Bitwise’s BITB had an inflow of $14.1 million; ARK’s ARKB posted an inflow of $63.1 million; and Morgan Stanley’s MSBT saw an inflow of $4.9 million. Meanwhile, U.S. Ethereum spot ETFs reported a net inflow of $82.4 million on June 8, per the same data. Ethereum spot ETF flow details: BlackRock’s ETHA added $17.8 million; BlackRock’s ETHB brought in $26.9 million; Fidelity’s FETH posted an inflow of $28.6 million; Bitwise’s ETHW took in $3 million; 21shares’ TETH saw an inflow of $1.3 million; VanEck’s ETHV recorded an outflow of $3.7 million; and Grayscale’s Mini ETH notched an inflow of $8 million.

June 9th – On-chain data analyst Yu Jin shared on social media today that besides the one billion H Tokens minted by the “hacker” one hour ago, over 2 billion H Tokens sold in the preceding hours were transferred from roughly 300 wallets that unlocked their tokens two weeks prior and 11 wallets that received tokens 11 months ago. These wallets also withdrew gas from Gate and Bybit exchanges three weeks ago.

According to monitoring from Onchain Lens, on June 9, the hacker associated with Humanity Protocol minted another 1 billion tokens just 10 minutes ago. Notably, each of the previous 1 billion tokens was exchanged for 774 BNB.

June 9: ZachXBT responded to Humanity’s official announcement on social media, noting it’s time to launch a new H token since the core team has moved on to other projects. In his reply, ZachXBT included a screenshot of a tweet Irene Zhao posted 20 hours prior, where Zhao claimed her two-year-old investment in H’s KOL round had generated a 100x return. She also mentioned she has invested in Everything, a new project hatched by the H team.

On June 9, per Onchain Lens monitoring, despite Humanity Protocol falling victim to a hack, a newly created wallet received 62.68 million H tokens worth $7.65 million from BitGo. The wallet is likely linked to venture capital firm Framework Ventures, pending confirmation.

On June 9, Sahara AI released an official statement on social media, noting that its team is actively monitoring a 60% plunge in the token’s price. The team confirmed there are no security issues with its token contract or product, and has launched an internal investigation to get to the bottom of what’s causing these recent price swings.