AVICI plunges 37% as card-balance withdrawal issue unsettles users

  • Avici confirmed a problem affecting withdrawals from customers’ card balances.
  • $604,818.97 was held in a Solana address linked to the incident.
  • AVICI opened at $0.4305, fell to $0.2072 and later recovered to $0.2695.

AVICI fell 37.43% on Friday after Avici confirmed an issue affecting withdrawals from customers’ card balances. The token opened at $0.4305, dropped to $0.2072 and later recovered to about $0.2695, leaving it nearly 52% below its opening price at the session’s low. A Solana address associated with the incident held $604,818.97 when recorded on Solscan, including approximately $570,410 in USDC, $34,188 in USDT and $221 in SOL, with links to about 2,500 accounts. The funds have since left the address: its USDC and USDT balances are zero, while 886.94 SOL was sent to another address. Avici said it was working with partners to resolve the withdrawal problem but did not estimate the amount involved or the number of affected customers, and it did not describe the incident as a hack. The wallet balance is consistent with reports of more than $600,000 being drained, but does not establish that the entire amount belonged to Avici customers. AVICI had already been declining for several months, suggesting the incident added to an existing downtrend. Trading was still ongoing, and the token’s small market means relatively modest increases in activity can produce large price swings. Holding above Friday’s low near $0.20 and returning above $0.40 were identified as key levels to watch.

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