DRIFT fluctuated 42.1% within 24 hours: rebounded from a low of $0.0266 to a high of $0.0378, with narrative-driven price movements returning
Bitget Pulse2026/05/25 15:32Volatility Overview
In the past 24 hours, the price of DRIFT rapidly surged from a low of $0.0266 to a high of $0.0378, currently at $0.0340, with a fluctuation amplitude of 42.1%. Multi-platform data shows a corresponding increase of approximately 10.9%-17% over the same period, for example, Kraken reported +11.77% and KuCoin reported +17.08%.
On trading volume, some platforms saw a significant increase in 24-hour trading volume (such as Kraken exceeding $3.5 million on a single platform), reflecting active capital inflows driving the rebound. On-chain and market data do not show specific large whale transfers or unusual outflow records, but overall it exhibits a rapid surge after a period of bottom accumulation.
Analysis of the Cause of the Unusual Movement
This surge was mainly driven by the continued development of the recovery plan. After Drift Protocol suffered an attack on April 1, 2026, exploiting Solana durable nonces for approximately $285 million, it announced in mid-April that it had reached a nearly $150 million recovery plan with partners including Tether (Tether leading with about $127.5 million), for user fund recovery and protocol relaunch (the plan includes a switch to USDT settlement and auditing).
Although there has been no major new official announcement in the past 24 hours, the market's positive sentiment towards the recovery narrative continues, directly pushing up the price. Platforms like CoinMarketCap explicitly mention "a 10.9% increase in the last 24 hours" and point to recovery-related catalysts.
Secondary factors include an overall rebound in DeFi market sentiment and increased trading volumes leading to a technical bounce. There is no evidence of other abnormal on-chain or negative events dominating within 24 hours.
Market Views and Outlook
The community and mainstream market sentiment remains cautiously optimistic: some analysts and platform opinions believe the successful implementation of the recovery plan will support relaunch expectations and drive a short-term rebound; at the same time, they emphasize the need to monitor the auditing process, the relaunch timetable (rumored target May-June), and the actual user fund recovery progress.
From a risk perspective, trust restoration after the hacker incident will take time, and some victim communities remain reserved about the protocol's management, warning that price fluctuations may be accompanied by pullbacks.
The outlook depends on the progress of recovery execution. If the audit passes and the relaunch proceeds smoothly, DRIFT may maintain its rebound momentum; otherwise, any delays or new negative news could trigger profit-taking. All analyses are based on publicly available market data and reports; for actual trends, please refer to real-time information.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring, for information 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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