DRIFT (DRIFT) fluctuated by 44.6% in 24 hours: price surged and then fell back, accompanied by increased trading volume
Bitget Pulse2026/04/13 18:35Volatility Summary
In the past 24 hours, DRIFT's price rebounded from a low of $0.0368 to a high of $0.0532, currently trading at $0.039, with a price fluctuation amplitude reaching 44.6%. The 24-hour trading volume is approximately $28.65 million, higher than usual levels.
Brief Analysis of Causes for Price Movement
• In the past 24 hours, there have been no official announcements, new events, large on-chain whale transactions, or mainstream news directly driving this move.
• The community continues to discuss follow-ups to the April 1 hack (losses around $285 million). For example, on April 12, X user @CryptoCurb criticized the team for not apologizing, not announcing compensation plans, and security configuration issues (2/5 multisig, no timelock) in a post, which received 200+ likes.
Market Opinions and Outlook
The prevailing community sentiment remains negative, focusing on poor handling of the hack and fund recovery, with users calling for a compensation plan. Although there was a short-term bounce, the price remains highly volatile. Analysts warn of elevated RSI and possible pullbacks, recommending attention to protocol recovery updates.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring, and is 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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