{"id":406305,"date":"2025-09-26T19:42:49","date_gmt":"2025-09-26T14:12:49","guid":{"rendered":"https:\/\/dripp.zone\/news\/110m-hack-shakes-gain-token-is-the-17-rebound-a-bull-trap-crypto-news\/"},"modified":"2025-09-26T20:13:18","modified_gmt":"2025-09-26T14:43:18","slug":"110m-hack-shakes-gain-token-is-the-17-rebound-a-bull-trap-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/110m-hack-shakes-gain-token-is-the-17-rebound-a-bull-trap-crypto-news\/","title":{"rendered":"$110M hack shakes GAIN token – Is the 17% rebound a bull trap? – Crypto News"},"content":{"rendered":"

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Key takeaways<\/strong><\/h2>\n

What does GAIN\u2019s rising MFI and oversold RSI suggest about its price action?\u00a0<\/span><\/em><\/h3>\n

It indicates potential for a rebound if buying pressure continues and momentum strengthens.<\/span><\/p>\n

How are derivative traders reacting to GAIN\u2019s post-hack volatility?\u00a0<\/span><\/em><\/h3>\n

Despite bearish volume, rising funding rates and long positions hint at a possible recovery trend.<\/span><\/p>\n\n

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

Investors are not giving up yet. Market sentiment shows they are scooping up the asset\u2014a move suggesting investors see the drop as a discount.<\/p>\n

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

AMBCrypto analyzes the market to provide clear insights on what to expect from the asset in the coming days.<\/p>\n

GAIN hack and recovery momentum<\/strong><\/h2>\n

The recent hack<\/a> on GAIN targeted its BNB Chain, the team revealed.<\/p>\n

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.\u00a0<\/span><\/p>\n

The price chart captured this event with a sharp single-candle drop, followed by highly volatile and erratic price action.<\/span><\/p>\n