Deep Dive
1. Post-Exploit Uncertainty (Bearish Impact)
Overview: A July 2025 exploit saw 150M $ALU tokens (15% of supply) fraudulently minted and sold by a former engineer, causing a 68% price crash. While new leadership (Kuvi Labs) has initiated recovery efforts, traders remain cautious ahead of August 17 AMA updates about fund recovery and legal actions.
What this means: The unresolved supply shock creates persistent sell-pressure risks. With 990M tokens fully circulating, any unrecovered minted tokens could dilute value. The 24h volume decline (-16.37% to $7.84M) suggests reduced conviction until clarity emerges.
What to look out for: Confirmation of recovered funds in the upcoming August 17 AMA.
2. Technical Weakness (Bearish Impact)
Overview: ALU sits 22% below its 30-day SMA ($0.0386) with RSI-14 at 42.18 (neutral). The MACD histogram (-0.00387) shows bearish momentum accelerating despite oversold weekly conditions (RSI-7 at 30.37).
What this means: Technical traders see $0.0386 as resistance – until reclaimed, rallies may be sold. The 200-day EMA at $0.0314 now acts as near-term support. Breakdown below $0.0286 (current pivot point) could trigger stop-loss cascades.
3. Strategic Pivot Under New Leadership (Mixed Impact)
Overview: Post-merger with AI-focused Kuvi Labs, Altura is cutting non-essential costs and delaying service restorations to focus on sustainable revenue streams like Altura Engage (August 5 update).
What this means: While prudent long-term, the operational freeze has reduced developer activity – a critical metric for Web3 gaming tokens. The 30-day surge (+375%) suggests some optimism about Kuvi’s AI integration plans, but short-term holders appear to be taking profits.
Conclusion
Altura’s dip reflects a clash between long-term restructuring efforts and unresolved supply risks from July’s exploit. Technicals suggest caution until $0.0386 resistance breaks, while the August 17 AMA could catalyze volatility either way.
Key watch: Will Kuvi Labs’ AMA on August 17 provide concrete recovery milestones to restore confidence in $ALU’s tokenomics?