StormX token price fluctuates wildly amid 'emergency' contract incident

Crypto Ecosystems • July 23, 2023, 5:35AM EDT
Published 1 minute earlier on
UPDATED: July 23, 2023, 5:54AM EDT
the block

Quick Take

  • The price of StormX’s STMX token experienced pump-and-dump price action today.
  • A translated tweet from a Binance customer service rep said the relevant team is dealing with “an emergency incident of the STMX contract.”

Crypto cash-back project StormX's token has seemingly experienced market manipulation amid what a Binance customer service rep calls an "emergency incident of the STMX contract."

"Regarding the emergency incident of the STMX contract, the relevant team is dealing with it urgently," a Twitter-translated tweet from @sisibinance reads.

The tweet, in translation, continues: "Further information will be synchronized with you later. Please enter the online customer service to fill out the appeal form."

Neither Sisi nor StormX immediately responded to a request for comment.

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StormX's token is the 268th-ranked cryptocurrency by market capitalization, according to CoinGecko. Over the past 24 hours, the STMX price surged from $0.0063 to nearly $0.015 before experiencing a full retracement.

The price of StormX's token surged before immediately collapsing today. Source: TradingView


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About Author

Adam is the managing editor for Europe, the Middle East and Africa. He is based in central Europe and was a managing editor and podcast host at the crypto exchange OKX's former research arm, OKX Insights. Before that, he co-founded BeInCrypto.com, which he elevated into one of the leading crypto media brands at its peak as the editor-in-chief. Earlier, he served as the editor-in-chief at Bitcoinist.com. Before joining the blockchain and crypto industry, he worked for Looper.com, Grunge.com and SVG.com. He tweets via @XBT002 and can be emailed at [email protected].

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