Deep Dive
1. Hacker Activity Renews Security Fears (Bearish Impact)
Overview: The October 2024 hacker, linked to North Korea’s AppleJeus group, sold 9,631 ETH (~$43.9M) since August 12 (Lookonchain), converting proceeds to DAI. While ETH sales don’t directly affect RDNT’s supply, the visibility of stolen funds being liquidated has reignited concerns about Radiant’s historical vulnerabilities.
What this means: Persistent exploit-related headlines erode confidence in DeFi protocols, particularly those with prior breaches. Radiant’s price often reacts to updates about the hacker’s movements, as seen in August’s 10% drop during initial ETH sell-offs.
What to look out for: Further ETH liquidation by the hacker (holds 12,326 ETH worth ~$58.6M) or delays in Radiant’s Q3/Q4 2025 user reimbursement plan.
2. Exchange Delisting Reduces Accessibility (Bearish Impact)
Overview: Crypto.com delisted RDNT on July 4, 2025, citing compliance reviews. This followed a 45% volume decline on the platform pre-delisting.
What this means: Reduced exchange access limits retail participation and institutional interest. RDNT’s 24h volume ($4.73M) remains 15% below its 30-day average, signaling thinner liquidity that amplifies price swings.
3. Technical Indicators Signal Cooling Momentum (Mixed Impact)
Overview: RDNT’s 14-day RSI (59) retreated from overbought levels (79 on August 10), while the MACD histogram (+0.000313) suggests fading bullish momentum.
What this means: The pullback aligns with profit-taking after a 5.91% weekly gain. However, the price ($0.0219) holds above the 30-day SMA ($0.0214), indicating underlying support.
Key threshold: A break below $0.0214 could trigger further selling toward the 200-day SMA ($0.0233).
Conclusion
RDNT’s drop reflects a mix of exploit-related sentiment, reduced exchange support, and technical recalibration. While security upgrades and planned reimbursements offer long-term recovery potential, short-term risks persist from hacker-linked volatility.
Key watch: Can RDNT hold $0.0214 support amid broader market neutrality (Fear & Greed Index: 52)?