The price of 1 inch 18 % can jump with the appearance of DAO vote 2024 exploitation compensation
The cryptocurrency has been relatively silent over the past 24 hours, as Bitcoin remained in the range.
The maximum Crypto Global market decreased by 0.51 % to 3.27 trillion dollars, while Bitcoin hovered about 105 thousand dollars, trading at 104,987 dollars during this post.
Meanwhile, 1inch appears ready for possible repercussions after weeks of long mergers and important landing.
Alt recently turned away from trusted support at $ 0.1777, which hints of high price procedures.
With the ongoing vote, which is looking to compensate for the penetration victims last year, can 1inch extend his recovery to the main obstacle at $ 0.2274?
The basics and technical indicators indicate this.
DAO proposal to compensate for the exploited victims
The new proposal for the foundation institutionIt is called 1IP-80, nourishing the prevailing optimism over digital assets.
It seeks to push the individuals who suffered from the exploitation of the supply chain in October 2024.
The accident occurred after the perpetrators benefited from weakness in the Lottie Player Plugin Library, and the stealing of the symbols worth $ 768,026.
While the protocol recovered most of the assets from the last attack (which happened in March 2025), it has not replaced the victims of October.
Consequently, the new proposal seeks to push the affected investors using DAO.
The compensation for the victims of exploitation may renew the confidence in the project because it reveals its user’s approach.
The proposal reads:
Comprehensive payment maintains user confidence, explains the ecological system flexibility, and corresponds to DAO’s commitment to protecting society.
Concluding suggestion and KYC requirements
The proposal attracted the differences between the DAO community.
One side believes that compensation for users using DAO funds without continuing revenue flows will drain the cabinet and weaken 1 inch.
They trust that the project does not boast of financial muscles to provide insurance services.
However, some argue that Dao should protect its users.
The continuous vote on the division, with 53.47 % (3.8 million) in favor and 46.53 % (3.3 million).
However, only two big address dominate the vote, one that represents each of no and the other is yes.
The vote will be concluded on June 22.
Meanwhile, the payment plan requires various procedures of users (if the proposal passes).
First of all, they must check their identities by completing KYC procedures.
Also, victims must prove the loss of evidence and provide a law enforcement statement.
Moreover, they should sign the payment agreement and deliver future rights to any recovered assets.
At the same time, a criminal investigation continues to exploit 1inch in the Cayman Islands
1nch Price Outlook: Rally 18 % imminent?
The original symbol has struggled with the noticeable landing recently, as it depicts the deterioration of the user’s confidence, perhaps due to piracy accidents.
Crypting lovers avoid weak security infrastructure protocols.
1 inch trading at 0.1916 dollars after a decrease of 15 % and 12 % in the month and last week.
However, price plans bring some hope.
1 inch constitutes a possible reflection pattern on the 4H graph after the extended drops.
Altcoin wore a trusted support barrier at $ 0.1777.
1nch tested this area several times, highlighting the buyer’s interest about the brand.
Recently, prices fell to $ 0.1744, but they rapidly turned to support, creating a potentially dual -bottom preparation, which combines large prices.
The bulls will target 1 inch resistance at $ 0.2208.
This may scan the path to $ 0.2274, which means a jump of 18.69 % of the current 1nch price.
MACD and RSI explains the gradual buyer’s return.
However, 1inch is traded less than 50MA, indicating the seller’s control.
The price has decreased less than $ 0.1900, the distinctive symbol could drown to a foothold of $ 0.1777.
The loss of $ 0.1744 will invalidate the bullish narration and stimulate prominent decreases or monotheism.
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