{"id":11488,"date":"2024-03-11T16:46:02","date_gmt":"2024-03-11T14:46:02","guid":{"rendered":"https:\/\/forklog.com\/en\/unibot-token-plummets-45-following-solana-disconnection\/"},"modified":"2024-03-11T16:46:02","modified_gmt":"2024-03-11T14:46:02","slug":"unibot-token-plummets-45-following-solana-disconnection","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/unibot-token-plummets-45-following-solana-disconnection\/","title":{"rendered":"Unibot Token Plummets 45% Following Solana Disconnection"},"content":{"rendered":"<p>On March 11, the native token of the Telegram bot Unibot (UNIBOT) fell by 45% following the termination of its collaboration with the team that connected the application to the Solana network.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Dear Community Members,<\/p>\n<p>We are reaching out to share a significant update regarding our collaboration with the team which deployed Unibot on Solana.<\/p>\n<p>After careful consideration and feedback from our partnered organizations, the Unibot core team has decided to part ways with the\u2026<\/p>\n<p>\u2014 Unibot (@TeamUnibot) <a href=\"https:\/\/twitter.com\/TeamUnibot\/status\/1767130130529271868?ref_src=twsrc%5Etfw\">March 11, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe decision was driven by security considerations, prompting us to move towards our own development and operation of Unibot on Solana using our secure server infrastructure,\u201d the announcement stated.<\/p>\n<\/blockquote>\n<p>According to Unibot representatives, the Solana developers \u201cabused trust\u201d by launching a bot named \u201cevm_unibot\u201d without prior permission. Members of the unnamed team also refused to undergo <span data-descr=\"know your customer\" class=\"old_tooltip\">KYC<\/span> verification to continue the collaboration.\u00a0<\/p>\n<p>Unibot added that soon their trading bot, linked to the Solana ecosystem, will appear on the Telegram and Unisol-X platforms.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/59LCKtRXhBmj1iv2ew1t6xj_ev4ThTRe_4mq5yq8OPSCyOK_LqUvHgIu2XkXQOHoQanEbj3ypgtxUSNpKWO7oYKMsmGWRAfx9N89JTiR4CEETV11i4VkJLMBJ2RJSPx5qXGWzG07btPW_PjdUSjxf0E\" alt=\"Unibot Token Plummets 45% Following Solana Disconnection\"\/><figcaption class=\"wp-element-caption\">15-minute chart of UNIBOT\/USDT on MEXC exchange. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/UNIBOTUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>According to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/unibot\">CoinGecko<\/a>, within four hours of the announcement, UNIBOT prices dropped from $76 to $40. The asset&#8217;s market capitalization plummeted from $76 million to $39 million with a daily trading volume of $36 million.\u00a0<\/p>\n<p>Back in October 2023, the Unibot trading bot was subjected to a hacking attack, resulting in damages of approximately $650,000, including 305 ETH and 39,000 USDC.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On March 11, the native token of the Telegram bot Unibot (UNIBOT) fell by 45% following the termination of its collaboration with the team that connected the application to the Solana network. Dear Community Members, We are reaching out to share a significant update regarding our collaboration with the team which deployed Unibot on Solana. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11487,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1442,1159,596],"class_list":["post-11488","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bot","tag-solana-sol","tag-tokens"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/11488","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=11488"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/11488\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/11487"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=11488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=11488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=11488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}