Here’s how Shib Price responded:

A little-known but rather substantial cryptocurrency exchange, Bigone has been hit by a coordinated supply chain attack, resulting in more than $27 million in assets, including nearly 10 billion Shiba Inu (SHIB) tokens. The violation reportedly allowed the attacker bypassing internal account control across multiple wallets and reroute funds to multiple wallets without touching the private key. Stolen assets include 121 BTC, 350 ETH, 854 million USDT, 1,800 SOL, and a substantial amount of SHIB.

The Siv community quickly gained an advantage. With so many tokens retreated and now flowing outside of exchange custody, many have endured the worst: dumps, panic exits, ripple effects across the entire siv-linked liquidity pool. But what followed was not exactly fear.

A look into Shiv’s one-minute chart during critical times after the attack was disclosed reveals a short dip priced under $0.00001350. Instead of crashing, however, the chart began to go back to $0.00001370, as if no shocks were registered at all.

It would not have been surprising to see a surge in volatility as 96.9 billion tokens were suddenly stolen. However, the market did not follow that script. Did you not believe that? Is it because Bigone’s liquidity is low? Or did Shiv’s massive circular supply simply absorb the blow?

It is worth noting that Shiba Inu is not another small altcoin caught in the rug pull. Shiv is one of the most traded tokens in the world, and usually has a large retail holder base that responds quickly to major news. However, this time, even if hacked tokens traveled through visible wallet trails, prices remained within a narrow range.

Bigone has since made a frozen departure, confirming that it happened through the backend system, not through the user’s credentials or wallet leaks. Although recovery plans are reportedly in motion, Shiv’s price transfer, or lack thereof, could prove to be a more interesting story.