Suppose we have two users doing following operation -
Now Can we validate the token anyhow?
You can't avoid that happening. However, the token should have an expiration time, so the attacker will only have access during that time. Also, if you know that a token has been stolen, you can revoke it so it's no longer valid.
You could apply more security measures such as associating the token with a specific IP address, or some advanced services that even use machine learning to detect unusual behaviours.