BigONE, a relatively lesser-known but large cryptocurrency exchange, suffered a serious security breach after falling victim to a coordinated supply chain attack. Hackers reportedly bypassed internal controls and rerouted assets across multiple wallets without even accessing private keys. In total, the attackers stole over $27 million worth of crypto assets. Among the stolen funds were 121 BTC, 350 ETH, 8.54 million USDT, 1,800 SOL, and a staggering 9.69 billion Shiba Inu (SHIB) tokens.

SHIB Community Reacts with Caution

Following the breach, the Shiba Inu community braced for a heavy market reaction. Many feared a sell-off, liquidity disruptions, and wider panic across SHIB-related ecosystems. However, the expected market collapse never materialized. SHIB’s price initially dipped below $0.00001350 on the one-minute chart, but surprisingly rebounded to hover around $0.00001370 shortly after. Instead of tumbling further, the market appeared to regain balance quickly.

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Despite the theft of nearly 10 billion tokens, SHIB’s price stayed within a tight range. This unexpected calm led many to question the market’s resilience. Could disbelief among investors have muted the reaction? Was BigONE’s low trading volume a key factor? Or did SHIB’s vast circulating supply simply absorb the impact without significant volatility?

SHIB Proves Its Market Strength

Shiba Inu has long shed the label of a minor altcoin. It consistently ranks among the most traded tokens worldwide, often driven by a retail-heavy holder base known for its swift responses to breaking news. In this case, even as blockchain trackers confirmed the movement of stolen SHIB tokens, the market showed no signs of panic.

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In the aftermath, BigONE froze all withdrawals and launched an internal investigation. The platform confirmed that the breach occurred through backend infrastructure not through any compromise of user wallets or credentials. A recovery plan is reportedly underway, though details remain limited.

While the stolen SHIB tokens continue to circulate outside of exchange custody, the token’s price has remained surprisingly stable. This unusual response highlights SHIB’s growing maturity as an asset and possibly the waning influence of exchange-specific events on its market value.