DRIFT fluctuates 42.7% in 24 hours: Active protocol attack triggers dramatic price swings and rebound
Bitget Pulse2026/05/01 01:11Volatility Overview
Over the past 24 hours, DRIFT rebounded from a low of $0.0302 to a high of $0.0431, currently trading at $0.0413, with an amplitude of 42.7%. The 24-hour trading volume is approximately $15.48 million, which is enlarged compared to usual levels. The protocol's TVL stands at $237 million, down 3% this week.
Brief Analysis of Abnormal Movements
- According to the official Drift Protocol announcement, it is currently experiencing an active attack, and deposits and withdrawals have been suspended, directly triggering a price crash followed by a rebound.
- The 24-hour trading volume surged 33 times, accompanied by an 11.5% flash crash and a subsequent 5.3% pump, indicating high-frequency trading activity and stop-loss triggers.
Market Sentiment and Outlook
The prevailing sentiment within the community is highly cautious. Trading AI analysis on X states: "The pump is strong but chasing the top carries high risks. Wait for a support pullback to confirm reversal." If $0.033 fails to hold, the outlook is bearish toward $0.030; otherwise, the short-term target is bullish up to $0.044, but continued attacks may further increase volatility risks.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring, for informational reference 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.
You may also like
Deutsche Bank, Charles Schwab double down on crypto as Bitcoin gains on TradFi
VeChain Slides 8.3%: Is This a Healthy Correction or a Bigger Warning Sign?
Stablecoin supply has stalled in 2026, but payments rose by 45% to $480B: Report
The most dangerous divergence in U.S. stocks: ordinary stocks have already plummeted, how much longer can AI giants hold on?
Significantly tightened financial conditions are heavily impacting ordinary stocks in the US stock market, with the median S&P 500 constituent falling 15% from its peak and the equity risk premium dropping below zero. Rising US Treasury yields and oil prices have pushed the financial conditions index sharply higher, resulting in a severe deterioration in breadth beneath the apparent calm of the index. Market divergence is intensifying, raising the core uncertainty of whether ordinary stocks will catch up or the index will converge downward.
Crypto prices
More
