Original source: Griffin AI community enthusiasts

Summary:

Griffin AI (GAIN) has recently completed a token swap in collaboration with Binance, cleaning up the token supply structure, and the project has received support from Binance's own funds for user compensation and token buybacks. Currently, GAIN has launched on-chain available products and resumed trading on several mainstream trading platforms, but the market valuation is still about 86% lower than the issuance price, showing a short-term mispricing state. With the initiation of the buyback plan and an increase in market awareness, GAIN is expected to undergo a value reassessment.

Launch and Event Review

GAIN was launched simultaneously on platforms such as Binance Alpha, HTX, KuCoin, MEXC, Gate, and Weex on September 24, with an initial price of $0.05 (approximately $50 million FDV), and within a few hours, it surged to $2.24 (approximately $220 million FDV), with a trading volume exceeding $100 million in the first 12 hours.

However, the next day, attackers exploited a stolen BNB Bridge key to mint unauthorized tokens. The project team subsequently collaborated with trading platforms to eliminate the illegal tokens, deploy a new contract, and complete a 1:1 token swap across platforms. After the trading fully resumed, the price had not yet returned to pre-event levels.

HTX Window and Early Reassessment Signals

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

Before the token restart, the price on HTX rose from $0.014 to $0.06, an increase of about 400%, reflecting that the market had begun to position itself for a "clean swap."

Binance Fund Intervention and Token Structure Stability

The Griffin team reached a cooperative structure with Binance, avoiding the risk of token dilution. Binance confirmed it would cover 50% of the user swap costs from its own funds, which is seen as a direct vote of confidence in the project.

The total supply of GAIN remains unchanged at 1 billion tokens. The portion used for replenishment comes from the early unlocking of team and node allocation quotas, accounting for about 12% of the circulating supply, maintaining the overall token economic structure's stability while increasing market liquidity.

Trading Performance After Restart

Binance reopened GAIN trading on October 13, coinciding with a short-term drop in Bitcoin. Affected by the overall market weakness, some early holders chose to sell their tokens.

Currently, GAIN seems to have stabilized around $0.0066, indicating that short-term selling pressure has gradually been digested, and the market may enter a new accumulation phase.

Buyback Plan and Fund Allocation

Griffin has established a buyback plan totaling $2.5 million, with the first tranche of $1 million allocated for the initial phase after the restart.

Although the official timeline for the initiation of buyback or burn operations has not been confirmed, the community speculates that the team may choose to accumulate at low levels and expand marketing activities when the market warms up.

At current prices, the buyback funds could theoretically cover the vast majority of the circulating supply. If a concentrated buyback is chosen, it could drive prices up quickly; if executed in phases, it may form a more robust reassessment rhythm.

Product Progress: Chat-Based Execution Agent for Decentralized Finance

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

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

The system can autonomously execute operations, hiding the interface in the background, achieving "one-step completion of DeFi."

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

According to project data, it has over 250,000 users, with more than 15,000 agents created by the community, and has integrated ecosystems such as 1inch, Arbitrum, BNB Wallet, Uniswap, NEAR, Cardano, and Bithumb/Burrito.

Access to advanced agent features requires holding GAIN tokens, thereby forming direct application demand and token value support.

Valuation Gap and Reassessment Logic

Currently, GAIN's FDV is approximately $7-10 million, about 86% lower than the issuance price, significantly below the valuation range of $80 million to $270 million for similar AI agent projects. Despite the completion of the token swap, Binance's financial support, and the product being in use, market pricing is still influenced by psychological anchoring during the incident and the overall weak market.

The reassessment logic for GAIN is clear:

· Supply has been cleaned up;

· Fundamentals remain intact;

· Endorsement from trading platforms is solid;

· Buyback funds are sufficient;

· Application scenarios are genuinely implemented.

As the project progresses and the market recovers, GAIN has significant room for valuation correction.

Future Focus Points

Analysts expect GAIN's short-term performance to depend on the following three indicators:

Evidence and progress of on-chain buyback execution;
Growth in AI agent usage and developer activity;
Overall market sentiment in the DeFi and AI integration sector.

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