The Solana-based AVICI token fell 37% after reports emerged of a $600,000 withdrawal incident affecting customer card balances. A linked wallet held approximately $604,800 in stablecoins ($570,410 in USDC and $34,188 in USDT) alongside $221 in SOL before transferring the funds elsewhere. Avici confirmed withdrawal issues affecting card balances and stated it was working with partners to resolve the matter, without confirming the loss amount or classifying the incident as a hack. The token price dropped from $0.4305 to a low of $0.2072, briefly losing nearly 52% of its value, before recovering to around $0.2695.
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