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By Oliver Knight, CD Analytics
Updated Jun 17, 2025, 3:00 p.m. Published Jun 17, 2025, 3:00 p.m.
- Former Cosmos developer with North Korea links prompts security overhaul at Interchain Labs, with audits showing no current vulnerabilities in ATOM’s codebase.
- ATOM experienced a significant downward trend over 24 hours, falling from $4.276 to $4.086, representing a 5.52% decline.
- Overall momentum remains bearish with lower highs forming across multiple timeframes.
The discovery of a North Korea-linked developer who contributed to Cosmos code between 2022-2024 has triggered enhanced security measures, while major exchanges expand staking options for ATOM holders despite market pressure.
ATOM is currently trading at $4.086 after losing 5.52% of its value over the past 24 hours.
STORY CONTINUES BELOW
Technical analysis
- A sharp sell-off occurred during 22:00-23:00 hours on June 16th with exceptionally high volume (1.4M+), establishing resistance at $4.29.
- Support emerged around $4.06-$4.07 with increasing volume, suggesting potential stabilization.
- Overall momentum remains bearish with lower highs forming across multiple timeframes.
- A notable recovery occurred in the last hour, climbing from $4.077 to $4.084 (0.17% increase).
- Significant bullish momentum between 13:24-13:30 saw ATOM surge from $4.076 to $4.096 on elevated volume.
- The hourly close at $4.084 suggests stabilization above the $4.07 support level.
Oliver Knight is the co-leader of CoinDesk data tokens and data team. Before joining CoinDesk in 2022 Oliver spent three years as the chief reporter at Coin Rivet. He first started investing in bitcoin in 2013 and spent a period of his career working at a market making firm in the UK. He does not currently have any crypto holdings.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.
