GAIN (Griffin AI) has pumped 351.82% in the last 24 hours.

Gate News Bot message, September 26th, according to CoinMarketCap data, GAIN (Griffin AI) is currently priced at $0.03, with a rise of 351.82% in the last 24 hours, reaching a high of $0.25 and a low of $0.01. The current market capitalization is approximately $6.04 million, an increase of $4.7 million compared to yesterday.

Griffin AI is the first no-code AI agent building platform in the Web3 space, providing real-time data, multi-agent workflows, and full-chain deployment capabilities for decentralized finance ( DeFi ). The platform supports the creation and deployment of AI agents on multiple mainstream blockchains such as Ethereum, BNB Smart Chain, and Polygon, allowing for the rapid construction of powerful crypto-native agents without the need for an AI team. Griffin AI aims to fill the significant gap in AI applications within the DeFi market, offering anyone the opportunity to launch powerful on-chain agent technology.

Important news about GAIN recently:

1️⃣ BNB chain's GAIN token encountered an abnormal rise in issuance.

On September 25, the GAIN token experienced an abnormal rise event on the BNB chain, resulting in its price plummeting by about 90%. The attacker exploited unauthorized LayerZero Peer initialization and maliciously leveraged it to mint 5 billion GAIN tokens on the BNB chain. This method is similar to the previous Yala attack incident and may involve insider personnel or information obtained through social engineering of project members.

2️⃣ GriffinAI takes urgent measures

In response to the abnormal situation, the GriffinAI team swiftly took a series of measures. First, the official request was made to all exchanges to suspend the trading, deposit, and withdrawal of GAIN on the BNB chain to prevent further actions by attackers. Second, the project team has removed the official liquidity pool of GAIN on the BNB chain to protect user funds. At the same time, the team emphasized that GAIN on Ethereum is unaffected and promised to continue releasing the latest updates.

3️⃣ The market reacted strongly, with significant price fluctuations.

Due to an unusual issuance event, the price of GAIN experienced severe fluctuations. After plummeting to a low of $0.005, the price rebounded as the unusual issuance address stopped transferring GAIN to the PancakeSwap V3 pool. As of the latest data, GAIN is priced at $0.03, a rise of 351.82% compared to 24 hours ago, but still down about 84% from before the event occurred. It is worth noting that some investors bought GAIN at the low price and gained considerable floating profits in the short term.

From a technical perspective, GAIN is currently in a state of high uncertainty. The project team is actively investigating and addressing the anomalies, but specific solutions have not yet been announced. Investors should closely monitor official announcements and remain vigilant about potential security risks.

This message is not an investment advice; investors should be aware of market volatility risks.