{"id":531999,"date":"2025-09-26T19:30:39","date_gmt":"2025-09-26T14:00:39","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=531999"},"modified":"2025-09-26T15:53:08","modified_gmt":"2025-09-26T10:23:08","slug":"110m-hack-shakes-gain-token-is-the-17-rebound-a-bull-trap","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/110m-hack-shakes-gain-token-is-the-17-rebound-a-bull-trap\/","title":{"rendered":"$110M hack shakes GAIN token &#8211; Is the 17% rebound a bull trap?"},"content":{"rendered":"<h2><strong>Key takeaways<\/strong><\/h2>\n<h3><em>What does GAIN\u2019s rising MFI and oversold RSI suggest about its price action?<span style=\"font-weight: 400;\">\u00a0<\/span><\/em><\/h3>\n<p><span style=\"font-weight: 400;\">It indicates potential for a rebound if buying pressure continues and momentum strengthens.<\/span><\/p>\n<h3><em>How are derivative traders reacting to GAIN\u2019s post-hack volatility?<span style=\"font-weight: 400;\">\u00a0<\/span><\/em><\/h3>\n<p><span style=\"font-weight: 400;\">Despite bearish volume, rising funding rates and long positions hint at a possible recovery trend.<\/span><\/p>\n<hr \/>\n<p data-start=\"456\" data-end=\"592\"><a href=\"https:\/\/ambcrypto.com\/category\/altcoins-news\/\">Griffin AI [GAIN]<\/a> market performance has sent shockwaves through investors, as the asset plunged 78% following a major <a href=\"https:\/\/ambcrypto.com\/predictions\/binancecoin-price-prediction\" target=\"_blank\" rel=\"noopener\">BNB <\/a>Chain hack.<\/p>\n<p data-start=\"594\" data-end=\"733\">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<p data-start=\"735\" data-end=\"875\">At press time, GAIN <a href=\"https:\/\/coinmarketcap.com\/currencies\/griffin-ai\/\" target=\"_blank\" rel=\"noopener\">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<p data-start=\"877\" data-end=\"987\">AMBCrypto analyzes the market to provide clear insights on what to expect from the asset in the coming days.<\/p>\n<h2 data-start=\"994\" data-end=\"1022\"><strong data-start=\"994\" data-end=\"1020\">GAIN hack and recovery momentum<\/strong><\/h2>\n<p data-start=\"1024\" data-end=\"1177\">The <a href=\"https:\/\/x.com\/olifeldmeier\/status\/1971041547513889229?s=46\" target=\"_blank\" rel=\"noopener\">recent hack<\/a> on GAIN targeted its BNB Chain, the team revealed.<\/p>\n<p><span style=\"font-weight: 400;\">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<p><span style=\"font-weight: 400;\">The price chart captured this event with a sharp single-candle drop, followed by highly volatile and erratic price action.<\/span><\/p>\n<figure id=\"attachment_532006\" aria-describedby=\"caption-attachment-532006\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/09\/GAINUSDT_2025-09-26_08-12-44.png\"><img decoding=\"async\" class=\"wp-image-532006 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/09\/GAINUSDT_2025-09-26_08-12-44.png\" alt=\"GAIN price chart.\" width=\"2560\" height=\"1486\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/09\/GAINUSDT_2025-09-26_08-12-44.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/09\/GAINUSDT_2025-09-26_08-12-44-300x174.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/09\/GAINUSDT_2025-09-26_08-12-44-1024x594.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/09\/GAINUSDT_2025-09-26_08-12-44-768x446.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/09\/GAINUSDT_2025-09-26_08-12-44-1536x892.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/09\/GAINUSDT_2025-09-26_08-12-44-2048x1189.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/09\/GAINUSDT_2025-09-26_08-12-44-1200x697.png 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-532006\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p data-start=\"1442\" data-end=\"1575\">Notably, amid this volatility, the asset has formed a likely support level, known in technical analysis as a double bottom pattern.<\/p>\n<p data-start=\"1577\" data-end=\"1750\">This double bottom level, however, could act as a trap. It may trigger a stop hunt that liquidates buyers trading into the zone before the asset makes a sharp upward move.<\/p>\n<h2 data-start=\"1757\" data-end=\"1778\"><strong data-start=\"1757\" data-end=\"1776\">Will GAIN fall again?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">According to AMBCrypto analysis, a further decline appears likely based on current technical indicators.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Both the Money Flow Index (MFI) and Relative Strength Index (RSI) show bearish signals, though with an important nuance.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The MFI ranges from 20 to 80, readings between 20 and 50 suggest liquidity outflows and bearish sentiment, while values above 50 indicate bullish inflows.<\/span><\/p>\n<figure id=\"attachment_532008\" aria-describedby=\"caption-attachment-532008\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/09\/GAINUSDT_2025-09-26_08-16-43.png\"><img decoding=\"async\" class=\"wp-image-532008 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/09\/GAINUSDT_2025-09-26_08-16-43.png\" alt=\"GAIN price chart.\" width=\"2560\" height=\"1486\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/09\/GAINUSDT_2025-09-26_08-16-43.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/09\/GAINUSDT_2025-09-26_08-16-43-300x174.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/09\/GAINUSDT_2025-09-26_08-16-43-1024x594.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/09\/GAINUSDT_2025-09-26_08-16-43-768x446.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/09\/GAINUSDT_2025-09-26_08-16-43-1536x892.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/09\/GAINUSDT_2025-09-26_08-16-43-2048x1189.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/09\/GAINUSDT_2025-09-26_08-16-43-1200x697.png 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-532008\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">At the time of writing, GAIN\u2019s MFI stood at 46 and was trending upward &#8211; indicating increased buying activity and higher bids.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If the MFI crosses above 50, it could signal the beginning of a rally.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, the RSI, which operates on a 30\u201370 scale, showed GAIN in the oversold zone below 30.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This suggests selling pressure may be fading, and a potential rebound could be on the horizon.<\/span><\/p>\n<h2 data-start=\"2756\" data-end=\"2789\"><strong data-start=\"2756\" data-end=\"2787\">Derivative investors are in<\/strong><\/h2>\n<p data-start=\"2791\" data-end=\"2929\">Derivative investors remain active, despite overall bearish derivative volume, as indicated by the long-to-short ratio across exchanges.<\/p>\n<p data-start=\"2931\" data-end=\"3050\">The Long\/Short Ratio <a href=\"https:\/\/www.coinglass.com\/currencies\/GRIFFAIN\">showed<\/a> that while investors are mostly selling, Binance and OKX buyers are scooping the asset.<\/p>\n<figure id=\"attachment_532005\" aria-describedby=\"caption-attachment-532005\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-26-at-08.15.48.png\"><img decoding=\"async\" class=\"size-full wp-image-532005\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-26-at-08.15.48.png\" alt=\"GAIN open interest weighted funding rate chart.\" width=\"2560\" height=\"701\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-26-at-08.15.48.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-26-at-08.15.48-300x82.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-26-at-08.15.48-1024x280.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-26-at-08.15.48-768x210.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-26-at-08.15.48-1536x421.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-26-at-08.15.48-2048x561.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-26-at-08.15.48-1200x329.png 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-532005\" class=\"wp-caption-text\">Source: CoinGlass<\/figcaption><\/figure>\n<p data-start=\"3052\" data-end=\"3222\">However, the Open Interest (OI) Weighted Funding Rate suggests that selling dominates the derivative market. Most liquidity comes from investors holding long positions.<\/p>\n<p data-start=\"3224\" data-end=\"3422\">With the OI-Weighted Funding Rate trending upward, GAIN is likely to gain momentum in the coming sessions, potentially trending higher and recovering from the selling pressure induced by the hack.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GAIN stuns the market with quick recovery, however, that isn\u2019t all. <\/p>\n","protected":false},"author":101,"featured_media":532016,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[],"class_list":["post-531999","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>$110M hack shakes GAIN token - Is the 17% rebound a bull trap? - AMBCrypto<\/title>\n<meta name=\"description\" content=\"GAIN jumps 17% after a 78% hack-induced plunge. 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