- Astra Nova’s RVV faced a $10M sell-off post-breach.
- Astra Nova commits to token buyback.
- RVV value initially plummeted then stabilized.
Astra Nova’s RVV token launched on major exchanges on October 18, 2025, followed by a $10 million on-chain sell-off due to a market maker account breach.
The breach impacted nearly 8.6% of RVV’s total supply, causing significant price drops and reflecting vulnerabilities in security protocols for cryptocurrency projects.
Astra Nova’s RVV token, launched on major exchanges on October 18, 2025, faced a significant setback when a third-party market maker account was breached, causing a $10M on-chain sell-off. The event raised serious concerns in the crypto community. The incident involved a third-party market maker whose compromised account led to unauthorized liquidation of RVV tokens. Astra Nova confirmed the breach and initiated damage control measures in response to the significant sell-off.
The breach had immediate effects on the market, with the RVV token’s price dropping by 75% from $0.028 to $0.007. This volatility prompted action from Astra Nova and the broader cryptocurrency community seeking stability. Financial implications were profound as 860 million RVV tokens were liquidated. Astra Nova has publicly committed to buy back those tokens from the market, signaling confidence and a step to restore investor trust.
“In light of recent events, Astra Nova will be buying back the same amount of tokens affected directly from the market,” the Astra Nova Core Team announced.
Historical analysis draws parallels to similar incidents like the 2023 Mango Markets breach. RVV’s rapid price fall echoed past breaches, although no significant on-chain impact was noted for major assets like ETH or BTC. The market response and Astra Nova’s buyback program suggest potential recovery, contingent on transparency and investor confidence. Analysts recommend vigilance as regulatory scrutiny and technological safeguards become more critical following such breaches.
