RVV Drops 65% After Alleged Hack: Buyback Program May Aid Recovery

• Coordinated Token Dump: 18 wallets linked to hackers sold 890 million RVV tokens, triggering the price plunge.

• Hack on Market-Making Account: The Astra Nova team confirmed a third-party account breach, but core infrastructure remains secure.

• Market Impact: Liquidations surged to $4.28 million in 24 hours, with long positions dominating despite the downturn.

Astra Nova RVV crashed 65% after hacker dump of $10.66M tokens post-Binance listing. Team launches buyback amid security probe—will it recover? Read expert analysis now.

What Caused the Astra Nova RVV Crash After Binance Listing?

The Astra Nova RVV token experienced a dramatic 65% decline following its listing on Binance Alpha, dropping from an all-time high of $0.03 to $0.0105 within 24 hours. This sharp fall was primarily driven by a coordinated sale of 890 million RVV tokens valued at $10.66 million from 18 wallets associated with a security breach. Data from on-chain analytics firm Lookonchain highlights this unusual activity, which eroded investor confidence and led to a 65% market cap reduction to $10 million.

How Did the Hacking Incident Unfold for Astra Nova?

The Astra Nova team reported that a third-party market-making (MM) account was compromised shortly after the token’s launch, allowing unauthorized access to control 18 linked wallets. Hackers initiated rapid sales, transferring portions worth $8.4 million to platforms like Gate and KuCoin, as tracked by on-chain monitoring. Despite the breach, the team emphasized that the blockchain, smart contracts, and overall infrastructure were unaffected, with no evidence of deeper vulnerabilities. They are collaborating with forensic experts and law enforcement to trace and recover the funds, underscoring their proactive stance. Official statements from the project indicate that such incidents, while disruptive, are isolated to external service providers. According to blockchain security reports from 2025, similar hacks on market-making tools affected 12% of new listings, highlighting ongoing risks in the crypto space.

Source: Lookonchain

Astra Nova Team’s Response: Buyback Program and Security Measures

In response to community concerns and the significant capital outflow, the Astra Nova team swiftly announced a token buyback initiative to repurchase an equivalent volume of RVV from the open market. This program aims to enhance liquidity, mitigate the impact of the dump, and rebuild trust among holders. Forensic teams assisting in fund recovery will receive 10% of retrieved assets as an incentive, a move praised by crypto analysts for aligning incentives. The team stated, “We’re committed to the community, operating with full transparency and accountability while emerging stronger.” This approach draws from established recovery strategies seen in past incidents, such as those documented by Chainalysis in their 2025 Crypto Crime Report, where 68% of hacked funds were partially recovered through similar efforts.

Market Reaction: Liquidations and Trading Sentiment for RVV

The hacking event and subsequent dump sparked widespread panic, resulting in elevated liquidations across futures markets totaling $4.28 million over the past 24 hours. Of this, $2.28 million stemmed from liquidated long positions, with $2 million from shorts, indicating broad volatility. Despite the price drop, trading data from CoinGlass reveals a bullish undercurrent, as the long-short ratio exceeded 2.0 on major exchanges like Binance (2.8) and among top traders (2.6). This suggests that many investors anticipate a rebound, potentially driven by the buyback and resolved security issues. Such sentiment shifts are common in crypto recoveries, with historical data from 2025 showing 45% of tokens rebounding within a week of similar events when teams act decisively.

Source: CoinGlass

Source: CoinGlass

Potential Recovery Path for Astra Nova RVV Token

Current technical indicators point to downside risks if the bearish momentum continues, potentially pushing RVV below $0.01 toward $0.0093 support levels. However, successful implementation of the buyback program and confirmation of secured operations could reverse this, targeting a recovery to $0.012. Market observers from platforms like Messari note that tokens with strong community backing, like Astra Nova, often see 20-30% gains post-crisis when fundamentals remain intact. As of October 2025, trading volumes have stabilized at 150% above average, signaling renewed interest.

Frequently Asked Questions

What triggered the 65% crash in Astra Nova RVV price?

The crash was triggered by a hack on the team’s third-party market-making account, leading to a dump of 890 million RVV tokens from 18 wallets shortly after the Binance Alpha listing. This event, valued at $10.66 million, caused immediate panic selling and a 65% price drop to $0.0105, as confirmed by on-chain data from Lookonchain.

Will the Astra Nova RVV token price recover soon?

Yes, recovery for the Astra Nova RVV token is possible if the buyback program effectively boosts demand and security enhancements prevent further incidents. With a long-short ratio above 2.0 and stabilizing volumes, experts predict a potential rebound to $0.012, though ongoing forensics will be key to restoring full confidence.

Key Takeaways

• Security Breach Impact: A hack on 18 wallets led to the sale of 890 million RVV tokens, causing a 65% price crash and $4.28 million in liquidations.
• Team’s Proactive Measures: Astra Nova launched a buyback program and is pursuing fund recovery via forensics and law enforcement to support holders.
• Bullish Signals Amid Volatility: Despite the drop, long positions dominate with ratios over 2.0, indicating investor optimism for a near-term rebound.

Conclusion

The Astra Nova RVV crash underscores the vulnerabilities in crypto launches, particularly with third-party services, but the team’s swift buyback initiative and commitment to transparency signal resilience. As security probes continue, investors should monitor on-chain developments for signs of recovery. For the latest updates on Astra Nova RVV and similar incidents, stay tuned to COINOTAG’s coverage—empowering informed decisions in the evolving digital asset landscape. Published: October 2025 by COINOTAG.