DRIFT (DRIFT) 24-hour fluctuation of 42.0%: Trading volume surges and triggers sharp rebound amid aftermath of hacker incident

Volatility 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.