It hit a new all-time low just yesterday, then rebounded 30% today. That wick at $RAD is pretty interesting.
On October 30, it fell to $0.1943, a new all-time low. The trigger wasn’t a problem with the project itself, but a hacker address linked to the Binance security incident dumping tokens on-chain. In a thin market, that set off a cascade of stop-losses and panic selling, sending it down 15% that day.
Today, it bounced back from the low to around $0.28, up 25–30% in 24 hours. But don’t rush to call it a reversal: no one knows how many tokens the hacker still holds, and whether the selling pressure has cleared is the biggest wild card.
The project itself isn’t bad: decentralized GitHub (Radicle) plus an open-source funding network (Drips). The governance token’s developer activity even ranked first among its peers this year, and contributions haven’t stopped. The issue is that token holdings are highly concentrated, with the top 10 wallets holding 76.89%.
Key levels: support at $0.2228 and $0.1968, resistance at $0.2886. If it can’t hold above $0.2886, this is just an oversold bounce. Do you think this is a golden opportunity created by the hacker’s sell-off, or just a pause before more declines? Let’s discuss in the comments.
On October 30, it fell to $0.1943, a new all-time low. The trigger wasn’t a problem with the project itself, but a hacker address linked to the Binance security incident dumping tokens on-chain. In a thin market, that set off a cascade of stop-losses and panic selling, sending it down 15% that day.
Today, it bounced back from the low to around $0.28, up 25–30% in 24 hours. But don’t rush to call it a reversal: no one knows how many tokens the hacker still holds, and whether the selling pressure has cleared is the biggest wild card.
The project itself isn’t bad: decentralized GitHub (Radicle) plus an open-source funding network (Drips). The governance token’s developer activity even ranked first among its peers this year, and contributions haven’t stopped. The issue is that token holdings are highly concentrated, with the top 10 wallets holding 76.89%.
Key levels: support at $0.2228 and $0.1968, resistance at $0.2886. If it can’t hold above $0.2886, this is just an oversold bounce. Do you think this is a golden opportunity created by the hacker’s sell-off, or just a pause before more declines? Let’s discuss in the comments.
