Mamo Up 6.41% today to $0.01137 as Moonwell collateral manipulation triggers extreme trading volume and a sharp intraday price wick.
Author: Kritika Gupta
Mamo (MAMO), the token of an AI personal-finance and yield agent on Base, gained 6.41% over the past 24 hours to trade near $0.01137, according to CoinMarketCap. The token briefly reached $0.4109 after an attacker manipulated its thin market and used the inflated tokens as Moonwell collateral before the price returned toward $0.01.
This article is for informational purposes only and does not constitute financial advice.
An attacker manipulated MAMO’s low-liquidity market on Base rather than responding to a project announcement, partnership, or product upgrade. SlowMist said the attacker pushed MAMO from approximately $0.01 to $0.41, deposited the inflated tokens into Moonwell, and borrowed cbBTC, USDC, wstETH, and ETH.
CertiK and PeckShield estimated that the incident cost Moonwell approximately $8.7 million. Blockaid initially tracked the withdrawal of 50.6 cbBTC, worth more than $4 million, before security firms identified additional borrowed assets.
Moonwell responded by reducing borrowing caps across its Base Core Markets to 1 wei. It also set the MAMO and WELL supply caps to 1 wei. Mamo clarified that attackers did not compromise its contracts. The incident instead exposed Moonwell’s collateral pricing and liquidity controls.
CoinMarketCap recorded $24.72 million in 24-hour MAMO volume, an increase of 1,965.65% from the previous period and roughly 20 times its recent $0.7 million to $1.2 million daily run rate. CoinMarketCap placed MAMO’s market capitalization at , with circulating. Dune data showed Mamo’s TVL remained stable near , indicating that trading activity drove the move. PeckShield tracked approximately in DAI at the attacker-linked address after the borrowing activity.
High attention and emotional sentiment detected.
CryptoJack, @cryptojack, with 493,474 followers, described the move as an $8.7 million Moonwell collateral manipulation involving MAMO and several borrowed assets. Mamo, @mamo, with 15,196 followers, stated that “It was not hacked” and warned that some users could temporarily lose access to USDC withdrawals while Moonwell restored liquidity.
SlowMist, @SlowMist_Team, with 88,814 followers, offered the cautionary view. The security firm said Moonwell accepted a MAMO price from a thin market, allowing the attacker to make the collateral appear substantially more valuable before borrowing from mUSDC and mcbBTC.
CoinMarketCap and DexScreener recorded immediate historical resistance between $0.0114 and $0.0147 during the post-wick trading on August 27, 2026. CoinMarketCap placed historical support at $0.01022 from the same session. The next major historical level is $0.2209, based on August 6, 2025 price action. CoinLore reported an exact 14-day RSI of 48.72, which signals neutral conditions.
This article is for informational purposes only and does not constitute financial advice.
This is not financial advice. Always do your own research before making investment decisions.
Moonwell must complete its incident review, restore market liquidity, and determine whether governance should change MAMO’s collateral parameters. Mamo’s treasury and platform-development allocations continue releasing approximately 20.8 million MAMO per month through May 2027. Restored USDC withdrawals and any Moonwell governance changes provide operational catalysts, while monthly vesting, approximately $473,000 to $522,000 in primary-pair liquidity, and unresolved bad debt create downside risks.
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