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.
You may also like
5 Crypto Events to Have on Your Radar This Fall
Dow Jones Industrial Average tests fresh lows as long bond yields climb
New Zealand Dollar remains under pressure, RBNZ rate hike bets cushion losses