Normie (NORMIE)
Summary
Normie (NORMIE) was a memecoin launched in March 2024 on Coinbase's Base layer-2 blockchain that reached a peak market cap of approximately $130 million on April 2, 2024. On May 26, 2024, an attacker exploited a premarket-user recognition flaw in the token's smart contract via a flash loan attack, minting billions of tokens beyond the 1 billion supply cap and draining liquidity pools, causing a 99% price collapse and approximately $41 million in market cap destruction. A blockchain scam-detection tool reported the vulnerability had been detected in March 2024 but was never patched by the development team.
Connected Entities
1 entities · 10 linked investigationsTimeline(8 events)
2024-03-01
NORMIE token launched on the Base blockchain. Exact launch date within March 2024 not precisely confirmed in available sources.
Unchained Crypto2024-03-01
Smart contract vulnerability allegedly detected by blockchain scam-detection tool Quick Intel. The vulnerability was not publicly disclosed or patched at this time.
Web3 Is Going Great / Invezz2024-05-26
Flash loan exploit executed on the NORMIE smart contract on Base blockchain. Attacker extracts approximately 224.98 ETH (~$881,686). Token price collapses 99%+. Market cap falls from ~$41 million to ~$35,000. Approximately 72,000 holders affected.
CertiK Incident Analysis2024-05-26
Attacker posts on-chain message offering to return 90% of exploited ETH ('keeping 10% as a bug bounty') in exchange for no reprisals and a project relaunch using returned funds plus 600 ETH from the developer wallet.
CoinDesk2024-05-26
One whale investor's position of 11.23 million NORMIE tokens — purchased for approximately $1.16 million between March 25 and April 9 — falls to a value of less than $150.
CoinGape2024-05-27
Normie development team accepts the attacker's 90% return offer with 'no reprisals.' The team commits to relaunching a new token to compensate holders using recovered and developer funds. The team's official X account is suspended. Fraudulent scam posts promoting fake relaunch links flood social media.
CoinTelegraph / CryptoNews2024-06-10
Normie project posts a promotional video on X depicting the Normie character in a hanging scenario. Community backlash is immediate. The project removes the video, issues an apology, and claims an intern was fired. The authenticity of the firing is disputed.
Decrypt / CoinTelegraphDecision Log
- #1publish⛓ pending7/25/2026, 11:29:27 PMhash: 8VtQry4WndgUuT3EPvBSfZYL5xnUK2icKzWFQKtT2iYJ
0 of 15 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 7/25/2026, 11:29:18 PM
last updated: 7/25/2026, 11:29:27 PM
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