Woofun AI reports that the IN token experienced a 42.52% decline over the past 24 hours, currently trading at 0.068 USDT after peaking at 0.37 USDT. INFINIT attributed the volatility to a single wallet withdrawing approximately 9 million IN tokens from Bitget and Gate early this morning.

The tokens were transferred from Ethereum to BNB Chain via a LayerZero bridge and subsequently sold on PancakeSwap. INFINIT characterized the event as a "market integrity issue" denying any hacks or security vulnerabilities while stating it is collaborating with exchanges to identify the responsible party.