Griffin AI (GAIN) Completes Binance-Supported Token Swap, Price Down 86% from ICO Price, AI Agent Race Potential Rebound Opportunity Emerges

By: blockbeats|2025/10/30 04:30:01

Source: Griffin AI Community Enthusiast

Summary:

Griffin AI (GAIN) recently completed a token swap in collaboration with Binance. The token supply structure has been cleaned up, and the project has received support from Binance's own funds for user compensation and token buyback. Currently, GAIN has launched on-chain usable products and resumed trading on multiple mainstream exchanges, but the market valuation is still about 86% lower than the issue price, showing a short-term mispricing. With the start of the buyback plan and increased market awareness, GAIN is expected to undergo a value reassessment.

Launch and Event Recap

Griffin AI (GAIN) Completes Binance-Supported Token Swap, Price Down 86% from ICO Price, AI Agent Race Potential Rebound Opportunity Emerges

GAIN simultaneously launched on Binance Alpha, HTX, KuCoin, MEXC, Gate, and Weex on September 24th, with an initial price of $0.05 (approximately $50 million FDV). Within a few hours, the price rose to $2.24 (approximately $220 million FDV), with a trading volume of over $100 million in the first 12 hours.

However, the next day, an attacker used a stolen BNB Bridge key to mint unauthorized tokens. The project team then collaborated with exchanges to remove the illicit tokens, deploy a new contract, and complete a 1:1 token swap on each platform. Despite full trading resumption, the price has not yet recovered to pre-event levels.

HTX Window and Early Revaluation Signal

During the event, HTX continued trading the unaffected original GAIN, while some non-partner platforms and pools like PancakeSwap and Uniswap were still operational, leading to a mix of real and fake tokens.

Prior to the token restart, the price on HTX surged from $0.014 to $0.06, a 400% increase, indicating that the market had begun positioning early for a "clean swap."

Binance Funding Intervention and Token Structure Stability

The Griffin team reached a collaboration agreement with Binance to avoid token dilution risks. Binance confirmed that it would cover 50% of the user swap costs from its own funds, which was seen as a direct vote of confidence in the project.

The total supply of GAIN remains at 1 billion tokens. Part of the supply allocated for project development comes from the early unlock of team and node allocation, accounting for approximately 12% of the circulating supply. This strategy aims to increase market liquidity while maintaining the overall tokenomic stability.

Post-Reboot Trading Performance

Binance resumed GAIN trading on October 13 amidst a short-term Bitcoin dip. Due to the overall market weakness, some early holders chose to sell their tokens.

Currently, recent trends indicate that GAIN has seemingly stabilized around $0.0066, showing signs of bottoming out. This suggests that the short-term selling pressure has gradually eased, potentially entering a new phase of accumulation.

Buyback Plan and Fund Allocation

Griffin has established a $2.5 million buyback plan, with the initial $1 million earmarked for the post-reboot phase.

Although the official start date of the buyback or burn operation has not been confirmed, the community speculates that the team may choose to accumulate at lower levels and expand marketing efforts once the market warms up.

Based on the current price, the buyback funds theoretically cover a significant portion of the circulating supply. If a concentrated buyback approach is taken, it could drive prices up quickly. Alternatively, phased execution may lead to a more stable revaluation cadence.

Product Development: Chat-Based Execution Agent for DeFi

Griffin's flagship product TEA Turbo has launched on BNB Chain and the Ethereum mainnet, positioned as a "native chat-based on-chain execution agent."

Users can conduct transactions, exchanges, transfers, and yield operations within chats without the need for traditional wallets or DeFi applications like MetaMask, Uniswap, or Aave.

This system autonomously executes operations, hiding the interface in the background, enabling "one-step DeFi completion."

Currently, Griffin is the only active on-chain execution agent on the BNB Chain and one of the few projects operational on Ethereum.

According to the project's data, it has over 250,000 users, with the community creating over 15,000 Agents. It has integrated with ecosystems such as 1inch, Arbitrum, BNB Wallet, Uniswap, NEAR, Cardano, and Bithumb/Burrito.

Access to advanced Agent features requires holding the GAIN token, thus creating a direct application demand and token value proposition.

Valuation Gap and Revaluation Logic

The current Fully Diluted Valuation (FDV) of GAIN is approximately $7-10 million, about 86% lower than the issuance price, significantly below the typical valuation range of similar AI Agent projects, which is between $80 million and $270 million. Despite the token swap completion, funding support from Binance, product deployment, the market pricing is still influenced by psychological anchoring during the event period and the overall bearish market sentiment.

The revaluation logic for GAIN is clear:

· Supply has been cleaned up;

· Fundamentals remain intact;

· Exchange platform endorsement is solid;

· Buyback funds are sufficient;

· Real-world application scenarios are in place.

With project execution progress and market recovery, GAIN has significant room for valuation correction.

Subsequent Focus Areas

Analysts expect that GAIN's short-term trend will depend on the following three indicators:

1. Evidence and progress of on-chain buyback;

2. Usage of AI Agents and growth in developer activity;

3. Overall market sentiment towards the DeFi and AI integration track.

If these three trends gradually resonate, GAIN's valuation gap is expected to narrow. The price could first rise to the $50 million FDV at issuance (around $0.05), and then potentially test the range of similar projects at $80 million to $150 million (a 10–20x increase). If the project continues to deliver on its development plans and benefits from a resurgence in the AI Agent narrative, GAIN may even retest its initial post-listing $220 million FDV level.