On January 2, 2026, Binance, the world's largest cryptocurrency exchange, announced that it had officially added the FLOW token to its "Monitoring Tag" list, along with ACA, D, and DATA. This move signifies that Binance has determined that the volatility and risk of these tokens have significantly increased, and that if they fail to continue meeting listing standards in the future, they will face delisting.
FLOW hits a record low
Following the announcement, the market reacted swiftly. FLOW prices fell by about 7% in the short term, breaking through the previous low of about $0.079 set during the cybersecurity incident on December 27, 2025, and are currently trading around $0.075, officially setting a new all-time low.
Highly related to recent hacking incidents
Binance's decision to add FLOW to its monitoring list is closely related to a recent major security incident. On December 27, 2025, a vulnerability was discovered in the Flow blockchain execution layer, allowing attackers to unauthorizedly mint large quantities of FLOW tokens, as well as various bridging assets, including WBTC, WETH, and stablecoins.
According to the subsequent investigation, the attackers transferred approximately $3.9 million in assets out of the Flow network through multiple cross-chain bridges (such as Celer, deBridge, Relay, and Stargate). Some of the funds were subsequently laundered through mixing mechanisms such as THORChain and Chainflip. Fortunately, the official statement emphasized that the existing funds and legitimate balances of ordinary users were not directly affected.
Following the incident, Flow validators quickly coordinated to suspend network operations to prevent further losses. The Flow Foundation initially proposed rolling back approximately six hours of blockchain transaction records in an attempt to restore the chain state to its state before the attack, thereby removing the illegally minted tokens.
However, the proposal immediately sparked strong backlash from the community. Several cross-chain bridge operators pointed out that a rollback could undermine the core principle of blockchain's "immutability" and could lead to double counting of bridged assets, causing greater confusion for legitimate users.
Under pressure from the community, the Flow Foundation announced on December 29th that it was abandoning its rollback plan and instead adopting an "isolated recovery" strategy. Instead of restructuring the chain, it will retain all legitimate transaction history, upgrade Mainnet-28, freeze affected accounts, destroy illicit tokens, and restart the network in phases. Currently, the Flow network has gradually restored read and write functionality, but the official expectation is that full recovery will still take several days.
Cryptocurrency prices plummet, confidence still needs to be restored
At the time of the incident, FLOW's price plummeted by approximately 40% to 46% in a short period, dropping from around $0.17 to $0.079, significantly damaging market confidence. Being added to Binance's monitoring list further deepens investors' concerns about its security and ecosystem prospects.
What is FLOW?
FLOW is a Layer 1 blockchain developed by Dapper Labs, focusing on NFTs, games, and consumer applications. It gained widespread fame due to the popularity of NBA Top Shot. The token officially launched in October 2020 and reached an all-time high of $42.40 in April 2021 during the peak of the NFT craze, with its market capitalization once exceeding $5 billion.
However, with the bull market waning, coupled with increased market competition and the impact of recent security incidents, FLOW's price has remained sluggish for an extended period. Its current market capitalization has shrunk by more than 99.8% from its all-time high.
Overall, FLOW remains under significant downward pressure in the short term. The market will now focus on the outcome of Binance's review of the monitored token, and whether the Flow Foundation can thoroughly patch the vulnerabilities, stabilize the network, and gradually rebuild community and investor trust in its ecosystem.
