RARE Crypto Sees Increases as NFT Marketplace SuperRare Recovers Robustly Following Cyber Attack
Just as the digital currency crypto market found its footing following last week’s tumultuous drop, RARE, the governance coin for SuperRare, an NFT marketplace, remained resilient, achieving significant double-digit increases.
According to data from Coingecko, RARE crypto surged 35% yesterday, recovering from last week’s setbacks and gaining nearly 20% over the past week.
(Source)
RARE Crypto Advances By 35%
At current rates, has increased 35% over the last month and remains largely stable, having lost only 4% in the past year. RARE is now viewed as one of the top cryptos to purchase, particularly if bulls continue to drive momentum.
As anticipated, the price breakout was propelled by an increase in trading volume, which saw a nearly 20-fold rise since August 3. This indicates heightened trading engagement on major exchanges, with most activity taking place on Pionex, Binance, and MEXC.
Looking at the daily chart, the surge on August 4 brought RARE closer to its highs from July. Most notably, due to yesterday’s increases, the crypto token fully recovered losses incurred on July 28, when the network suffered a vulnerability breach. Between July 28 and the end of the previous week, RARE fell nearly 25% before stabilizing and climbing on August 4.
From a technical perspective, recent buyers from late Q2 2025 appear to have regained control, with a key closing above July 2025 highs of around $0.07 being crucial for RARE. If buyers prevail, RARE could easily reach twice the March 2025 highs of $0.015 before testing the 2024 peak of $0.21.
On X, the sentiment surrounding the governance token, RARE, is predominantly positive. One user remarked that RARE could potentially soar to $2.1, suggesting the token is on the brink of a 30X rise; significantly outperforming some of the leading Solana meme coins. Although this outlook is optimistic, it may take several months for RARE to reach such levels.
$RARE (SuperRare)’s target at the $2.12938 level remains unchanged due to a sustained ‘Price Breakout’.
We might witness an over 3,000% upward trajectory to reach it… https://t.co/HEL1P806qb pic.twitter.com/f0oARcfCuW
— JAVON
MARKS (@JavonTM1) August 4, 2025
The motivation could stem from a remarkable recovery in the DIGITAL COLLECTIBLE sector, where SuperRare is pivotal in maintaining a liquid crypto market. Data from Cryptoslam indicates that trading volume has been stagnant for the past two years, but there was a notable increase in sales volume early in 2025.
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RARE Crypto: Recovery Post-Hack and SuperRare Staking Campaign Boosting Prices
On July 28, the RareStakingV1 contract was compromised in an attack that resulted in users losing $731,000 worth of RARE tokens.
As per Cyvers, the SuperRare hack was attributed to a significant flaw in its authorization mechanism, which enabled unauthorized addresses to alter the Merkle root. This vulnerability allowed modification of the data structure that automatically defines user locking tokens balances.
The hacker’s address, financed via @TornadoCash approximately 186 days prior, executed the hack and accrued 731K worth of $RARE.
The misappropriated funds still remain in the attacker’s… pic.twitter.com/9CZ6IG4b4B
—
Post-hack, up to 61 wallets were affected. The misappropriated funds were routed through Tornado Cash, concealing their origin.
In spite of the exploit and potential damage to its reputation, SuperRare took prompt and decisive action. The vulnerability in the staking contract was resolved, and affected users were compensated without needing to take any extra steps.
Furthermore, SuperRare, which indicated the flaw went undetected during audits, revamped its safety protocols. Under the new framework, any changes after an audit will necessitate a re-audit. Additionally, they are broadening test coverage and implementing formal verification to avoid future vulnerabilities.
1/ We’ve implemented a fix to the $RARE locking tokens contract and fully restored its funds.
No other funds or smart contracts were impacted during this vulnerability breach.
Many thanks to the community for your understanding and backing. https://t.co/0A5VYt2mUd
— RARE Platform (@rare_protocol) July 29, 2025
Due to their transparency and proactive stance, the team successfully transformed a setback into a springboard, evidenced by the notable rise on August 4.
Additionally, there is an active staking campaign that provides a high APR.
Claim time… A new round of $RARE staking rewards is live.
Stakers secured an APR of 70%
↓ pic.twitter.com/YONzLhOAFZ— RARE Platform (@rare_protocol) August 4, 2025
This staking initiative is designed to incentivize long-term participants and enable RARE stakers to obtain rewards.
Over 22.2 million RARE tokens have been staked, yielding a 65% APR.
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RARE Crypto Rises 35%, SuperRare Recovers After Hack
- RARE crypto increased 35% on August 4 as uptrend momentum returns
- Analysts forecast a potential 3,000% rally to record highs
- SuperRare experienced a exploit on July 28
- SuperRare staking initiative offers an attractive APR
The article RARE Crypto Leads Gains as DIGITAL COLLECTIBLE Marketplace SuperRare Bounces Strongly After Exploit first appeared on 99Bitcoins.
