Odin’s Dog (ODINDOG), the native meme coin of the Bitcoin-based platform Odin.fun, suffered a catastrophic collapse on Monday, shedding over 61% in a single day to trade at $0.128, according to data from CoinGecko.
The token’s dramatic plunge came after co-founder Bob Bodily confirmed via X that his personal account on the platform had been compromised.
The situation deteriorated rapidly when PeckShield reported that the deployer wallet, allegedly linked to Bodily, had liquidated its entire ODINDOG holdings—amounting to over $178,000. This aggressive selloff amplified fears among investors and caused a wave of panic across the thinly liquid market.
The coin’s freefall was particularly brutal considering its recent highs. Just a month ago, ODINDOG hit an all-time high of $1.78. Monday’s low of $0.128, as tracked on CoinGecko, reflects an 89.3% collapse from its peak. The 24-hour price range swung wildly from $0.1217 to $0.3309, with volume scraping just $86,000.
The three-month chart paints a textbook boom-and-bust pattern. After an initial parabolic rise and brief period of choppy consolidation, ODINDOG entered a prolonged downtrend that steepened significantly in April. Monday’s sharp drop took the token below every previous support level, solidifying a new all-time low.
This latest episode has stoked broader fears about the platform’s security infrastructure. Some users voiced frustration and concern over whether their funds are safe, drawing comparisons to past high-profile hacks. “Funds SAFETY is the key question now,” one user posted on X, echoing the sentiment of a shaken community.
While Odin.fun has yet to issue a detailed post-mortem, the platform faces mounting pressure to restore user trust. The longer trading and withdrawals remain suspended, the greater the risk of lasting reputational damage.
This incident follows on the heels of other crypto exploits, including the $1.4 billion Bybit hack and a $4.9 million breach at zkLend—indicating an ongoing security reckoning across the industry.
Zcash (ZEC) has erupted past key resistance levels this week, driven by surging derivatives flows…
Bangalore, India, 2nd October 2025, ZEX PR WIRE, Permute, an accessible Bitcoin bridge platform, announced…
Milan, Italy, 2nd October 2025, ZEX PR WIRE, Codego Group recently disclosed that its Whitelabel…
The U.S. Securities and Exchange Commission has suspended trading in QMMM Holdings Ltd. after weeks…
Brokers profit when clients lose — Afterprime 2.0 ends that conflict with the world’s first…
Bitcoin’s market share fell to about 57 percent in September, according to Binance Research’s Monthly…