DRIFT (DRIFT) 24-hour fluctuation of 42.0%: Trading volume surges and triggers sharp rebound amid aftermath of hacker incident
Bitget Pulse2026/04/07 22:03Volatility Overview
In the past 24 hours, DRIFT's price rebounded from a low of $0.0379 to a high of $0.0538, currently standing at $0.0489, with a price swing as high as 42.0%. The 24-hour trading volume reached $28.97 million, up approximately 120% compared to the previous period, and the Vol/Mkt Cap ratio exceeded 125%, indicating high liquidity with alternating selling and buying pressure.
Brief Analysis of Abnormal Price Movement
- Mainly driven by trading volume and technical rebound: 24-hour spot trading volume surged by 46.46% to $22.8 million, and the high turnover ratio (0.95) fueled a technical rebound from the oversold territory, with the price increasing by about 8.68%-9.72% during the day.
- Ongoing impact of hacking incident (background comparison): The aftermath of the $28.5 million DeFi attack on April 1 continued, and on April 6-7 it was confirmed to be a result of six months of social engineering operations by North Korean hackers, leading to a sharp drop in TVL and panic selling. However, recently there have been no new exceptional on-chain whale activities or announcements.
Market Opinions and Outlook
Market sentiment remains dominated by panic, with community discussions focused on the hacker crisis and short-term short squeeze rebounds (such as “whale panic buying, shorts liquidated”); CMC AI indicates that recovery depends on team compensation plans and security upgrades, otherwise TVL will be hard to recover. Analysts warn of continued high volatility risk, and short-term market may remain in consolidation.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring, for informational purposes only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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