Polkadot's DOT Rebounds 17% After Hyperbridge Exploit, Eyes Key Resistance

Polkadot's DOT Rebounds 17% After Hyperbridge Exploit, Eyes Key Resistance

N
News Editor 01
2026-07-10 23:00:13
DOT fell sharply after the Hyperbridge exploit but recovered 17% once developers confirmed Polkadot’s main chain was unaffected. Traders are now watching the $1.35 level for the next directional move.
PolkadotDOTHyperbridgebridge securitytoken price

Hyperbridge exploit triggers sharp selloff in DOT

Polkadot’s DOT came under heavy pressure after a major security incident on the Hyperbridge platform. According to the report, an attacker managed to mint 1 billion bridged DOT tokens and extracted roughly $237,000. The breach quickly rattled sentiment around bridged assets, while exchanges including Upbit and Bithumb temporarily suspended related transactions, adding to market anxiety.

The total damage from the exploit was estimated at around $2.5 million. Early selling reflected concerns that the incident could spill over into the broader Polkadot ecosystem. However, that narrative began to change after developers clarified that the compromise was limited to bridged tokens and that the Polkadot main chain itself remained secure.

Sentiment improves as users distinguish bridge risk from chain risk

Once the scope of the exploit became clearer, market confidence started to recover. DOT rebounded from $1.146 to $1.354, marking a gain of about 17%. The recovery suggested that traders viewed the event as a bridge-specific failure rather than a fundamental breakdown of the Polkadot network.

Network activity also improved alongside the price rebound. The report noted rising transaction counts and growth in daily active users, indicating that user participation strengthened after the initial panic faded. That combination of recovering price action and higher on-chain activity helped support a more constructive short-term outlook.

$1.35 becomes the level to watch

With DOT now trading near $1.35, the token is testing an important resistance zone. Market participants are watching closely to see whether bulls can push through this level. A successful breakout could reinforce upward momentum and shift attention toward $1.50.

On the other hand, failure to clear resistance may lead to a pullback toward $1.20 support. For now, DOT remains in a pivotal range as the market balances improving sentiment against lingering caution following the Hyperbridge exploit.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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