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.
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