Affected by the bridge security incident, DOT experienced a short-term liquidity mismatch and panic selling, dropping to as low as $1.15, with the price decline exceeding the average of the mainstream market. However, the event did not impact the core protocol of the main chain. Following macro sentiment recovery and a shift in policy expectations, the technical side quickly rebounded above $1.33, indicating short covering and momentum recovery. Currently, cross-chain arbitrage is active, demonstrating the ecosystem’s liquidity remains resilient. Strategically, it is advised to remain cautious of volatility risks before bridge security risks are fully resolved, and to monitor changes in the $1.10~$1.35 support and resistance range. In the mid-to-long term, bridge repairs and strengthened security are expected to drive valuation recovery, maintaining a structurally bullish outlook based on network utility.

After the Hyperbridge token gateway was attacked, a large amount of fake DOT was minted and quickly dumped, causing Polkadot to experience a significant increase in trading volume and a rapid price dive over two days between April 13 and 14. The daily low touched around $1.15, clearly outpacing the average market decline for that day. The event directly triggered panic selling on the emotional level in the short term, intensifying the battle between bulls and bears.

Hyperbridge gateway contract was attacked, with the attacker forging messages to alter the admin rights of the Polkadot token contract on Ethereum. The attacker minted and sold 1B tokens, profiting approximately $237,000.

The Hyperbridge gateway was attacked through a contract exploit, with hackers minting and selling 1B DOT to profit approximately $237,000.

A hacker exploited a bug in Hyperbridge, a crypto bridge, to create one billion counterfeit Polkadot DOT tokens on the Ethereum blockchain, valued at $1.2 billion. Due to low liquidity, the hacker sold the tokens for just over $237,000 in Ether via Uniswap. The protocol is paused while the bug is fixed. The incident highlights ongoing vulnerabilities in crypto bridges, despite no flaw found in Polkadot’s core code.

A hacker created $1.2B of counterfeit crypto. They only sold it for $237,000.

Hyperbridge confirmed that its Token Gateway was exploited on April 13, resulting in a loss of about $237,000 in Ethereum. The breach affected only DOT assets bridged to Ethereum, with native Polkadot assets unaffected. The exploit arose from a flaw in the Merkle Mountain Range proof verification in Solidity, allowing the attacker to mint 1 billion fake DOT tokens and sell them on decentralized exchanges. Bridge operations have been suspended.

Hyperbridge confirms Token Gateway exploit; bridging service suspended

After short-term market panic, global crypto assets stabilized and recovered, driven by easing geopolitical risks and changes in Fed policy expectations. Bitcoin and Ethereum led the way in rebounding from their lows, which, in turn, drove Polkadot up from its $1.16 bottom on April 15 to above $1.33 on April 16. Trading volumes surged again, breaking through the previous downward channel, indicating that short-term bulls have started to cover and attempt to rebuild support.

Crypto prices saw a slight decline with the global market cap down 0.9% in 24 hours. Bitcoin holds above $70,700, Ethereum is around $2,185, and Polkadot (DOT) is at $1.19. RaveDAO surged 190% to $6.18 despite broader market weakness. Rising tensions in the Strait of Hormuz caused oil prices to surge 9.5%, reaching $105 per barrel.

Crypto Price Today: Bitcoin Holds $70.7k, ETH Dips, DOT Slips as US Imposes Hormuz Blockade; OIL Surges, RAVEDAO Soars 130%

BitMart Research Weekly highlights easing US-Iran tensions and a hawkish shift in the Federal Reserve, driving a rebound in risk assets including crypto. US stocks, especially AI-related sectors, show strong recovery amid geopolitical risks. Inflation data signals potential upward pressure if oil prices stay high. Crypto markets follow US stocks with BTC and ETH leading, while altcoins remain volatile. Institutional inflows into Bitcoin ETFs and MicroStrategy’s increased BTC holdings indicate long-term confidence.

BitMart Research Institute Weekly Hotspot Analysis: US-Iran Easing Combined with Fed's Hawkish Shift, Crypto Market Follows Rebound to Form a Bottom

Despite the security vulnerability in the bridge layer, some traders capitalized on liquidity discrepancies between different chains for arbitrage: buying DOT at a low price on the Ethereum side, transferring cross-chain to centralized platforms or other networks, and selling at a higher price, earning hundreds of thousands of dollars per transaction. Such cross-chain arbitrage cases reflect that Polkadot still maintains ample liquidity across its ecosystems and suggest that short-term price differences and depth imbalances can continue to present volatility opportunities.

A trader bought 77K DOT for 0.2 ETH ($436) on Ethereum via Uniswap and sold it on a CEX for $10,042. They then spent 1.1 ETH to buy more DOT, exploring different liquidity pools and cross-chain methods. Ultimately, they bridged 503K DOT from Ethereum to the Base network using Hyperbridge and sold it for 68.72 ETH, earning a profit of $150,000.

A trader bought 77,000 DOT for only 0.2 ETH and successfully bridged them across chains, earning a profit of $150,000.

An address starting with 0x52f70 spent about $600 to exploit the recent Polkadot inflation attack involving 1 billion new DOT tokens. By buying low and selling high on Ethereum, then bridging to the Base network via Hyperbridge, it sold 503K DOT for 68.72 ETH, earning roughly $150K in profit. The overall attacker profit from the DOT inflation attack totaled approximately $236K.

An address spent approximately $600 to arbitrage the DOT issuance attack, profiting approximately $150,000 through cross-chain transactions.

This attack originated from a Merkle Mountain Range verification vulnerability in the bridge protocol and did not affect Polkadot’s own consensus mechanism or on-chain core code. Hyperbridge has suspended related services and initiated repairs; fundamentally, this event highlights the critical importance of cross-chain infrastructure security. In the mid-to-long term, once bridge security risks are resolved, Polkadot's network value and application prospects remain attractive.

Polkadot

Summary of Wash's Past Statements: How Will This Prospective "New Leader" Disrupt the Federal Reserve?

Gold: Inflation and Fed risks cap upside – ING

ECB: Lagarde Signals No Near-Term Rate Move – Danske Bank

Nikkei: Bank of Japan to hold rates steady in April

Fed Chair Nominee Kevin Warsh Vows Fed Independence Despite Trump’s Push for Rate Cuts

The probability of the Federal Reserve keeping interest rates unchanged in April has reached 100%.

US Treasuries are still pricing in a war in the Middle East that other asset classes have shrugged off, setting up a drop in yields as they catch up, according to Bank of America.

Lagarde: Broad fiscal support will force the European Central Bank to raise key interest rates.

Iran accuses US of attacking commercial vessel, escalating Strait tensions

Pentagon reports 415 US troops wounded in Iran, indicating ground involvement

Bybit-ge

Live chart for Polkadot to USD conversion. Check out DOT to USD prices in real time. Convert, buy, sell, and trade Polkadot on Bybit-ge.

Polkadot Price: DOT Live Price Today | DOT Market Cap & Chart Analysis | Bybit-ge

current_price

price_change_24h

high_24h

low_24h

volume_24h

market_cap

circulating_supply

max_supply

ath_price

atl_price

DOT price today is 1.29, with a live price change of 1.90 in the last 24 hours. Convert, buy, sell and trade DOT on Bybit-ge.

Track Polkadot live price, market cap, 24-hour trading range, and real-time chart data on Bybit-ge.

Курс Polkadot

Динамика цены

Новости о Polkadot

Что можно сделать с Polkadot?

История цен (USD)

Подробнее о Polkadot