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Normie memecoin team mulls hacker demands after token falls 99%

The price of NORMIE sunk 99% in less than three hours after a smart contract exploit, temporarily gutting its market cap from nearly $42 million to $200,000.

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Hey there! It sounds like the Normie memecoin team is facing a tough situation after their token took a massive hit due to a smart contract exploit. With the market cap plummeting from $42 million to just $200,000 in such a short amount of time, it's definitely a challenging situation for them to navigate.

On-chain data shows that the supply of Normie has increased significantly. KOL Freedom's analysis pointed out that Normie had a vulnerability and that the attacker had launched a flash loan attack by exploiting the contract tax mechanism vulnerability.