Key takeaways

What does GAIN’s rising MFI and oversold RSI suggest about its price action? 

It indicates potential for a rebound if buying pressure continues and momentum strengthens.

How are derivative traders reacting to GAIN’s post-hack volatility? 

Despite bearish volume, rising funding rates and long positions hint at a possible recovery trend.

Griffin AI [GAIN] market performance has sent shockwaves through investors, as the asset plunged 78% following a major BNB Chain hack.

Investors are not giving up yet. Market sentiment shows they are scooping up the asset—a move suggesting investors see the drop as a discount.

At press time, GAIN was up 17% in the past day, yet investors remain cautious: is this a sustained long-term move or a potential bull trap?

AMBCrypto analyzes the market to provide clear insights on what to expect from the asset in the coming days.

GAIN hack and recovery momentum

The recent hack on GAIN targeted its BNB Chain, the team revealed.

Hackers exploited the protocol to mint 5 billion GAIN tokens, worth around $110 million, and dumped them on unsuspecting users, triggering a major liquidity shock. 

The price chart captured this event with a sharp single-candle drop, followed by highly volatile and erratic price action.