A trader recently lost over $1 million worth of digital assets due to the Normie memecoin exploit. The trader invested $1.16 million in 11.23 million Normie (NORMIE) memecoins, only to see his investment plummet by over 99% to a mere $150, as reported by Lookonchain on May 26: “He spent $1.16M to buy 11.23M $NORMIE at $0.1035 from Mar 25 to Apr 9 and has held it until now without selling it.” Normie, a Base-native memecoin, was hit by a smart contract exploit that slashed over $41.7 million from its market capitalization in just three hours. Lookonchain was the first
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