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$2.77B moves from Binance wallets spark 9% BNB drop amid no confirmed hack

Market News
30 Oct 2026, 00:07 WIB
Crypto Briefing
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Bearish
$2.77B moves from Binance wallets spark 9% BNB drop amid no confirmed hack

On October 29, 2026, large transfers totaling about $2.77 billion moved out of Binance-linked wallets across five blockchains, causing Binance Coin (BNB) to drop nearly 9%. Binance has not confirmed any hack or loss of funds, and the transfers remain unexplained. Some movements were linked to Tornado Cash, a crypto mixing service, raising security concerns. The market reacted quickly with Bitcoin also dipping, while Binance’s Ethereum stablecoin holdings have been declining since April 2026. Investors await official statements and further on-chain analysis to clarify the situation.

Following the large transfers from Binance wallets reported on October 29, 2026, BNB has seen a notable decline on Pluang. As of October 30, 2026, 04:22 WIB, BNB trades at Rp13.011.157 with a 1-day change of -5.51%. The market cap stands at Rp1.727,84 trillion, and trading volume over the past 24 hours is Rp47,36 trillion, with 63% of Pluang order activity showing selling pressure and a typical hold time of 90 days.

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