Deep Dive
1. Security Advisory Impact (Bearish)
Overview:
On 3 November, Radiant Capital warned users to avoid interacting with Balancer V2 pools on Arbitrum/Ethereum due to a reported vulnerability. While Radiant confirmed its core protocol wasn’t affected, the timing amplified existing security anxieties from October’s $51M hack.
What this means:
DeFi protocols live on user confidence – even indirect security warnings can trigger precautionary withdrawals. RDNT’s 24h trading volume fell 21.8% alongside the price drop, suggesting reduced risk appetite.
What to look out for:
Resolution timeline for the Balancer vulnerability and any follow-up hacks.
2. Binance Deposit Suspension (Mixed)
Overview:
Binance suspended RDNTOLD deposits via Arbitrum on 6 November, citing standard security precautions. While this only affects the deprecated OLD token, it reminded markets of Radiant’s 2024 exploit where North Korean hackers stole $53M.
What this means:
The move itself is neutral, but it spotlighted Radiant’s checkered security history. Newer investors may conflate RDNTOLD with current RDNT, creating unnecessary sell pressure.
3. Technical Downtrend (Bearish)
Overview:
RDNT trades 12% below its 30-day average ($0.0125) with RSI at 32.4 (oversold). The MACD histogram shows tentative bullish divergence, but prices remain under the critical 23.6% Fibonacci retracement level at $0.0152.
What this means:
Technical traders see limited upside until RDNT reclaims $0.0112 (7-day EMA). The 24h candle wicks show rejection at $0.0109, confirming resistance.
Conclusion
RDNT’s drop reflects a mix of security PTSD and technical exhaustion, compounded by Bitcoin’s market dominance at 58.7%. While oversold conditions could invite a bounce, the lack of bullish catalysts keeps risks skewed downward.
Key watch: Can Radiant’s remediation plan for 2024 hack victims (Q4 2025 payouts) restore confidence?