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Bitcoin fork ECX price crashes 76% after Binance $6.3B hack overshadows its launch

Market News
04 Nov 2026, 23:19 WIB
Bitcoin
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Bearish
Bitcoin fork ECX price crashes 76% after Binance $6.3B hack overshadows its launch

The launch of the Bitcoin fork ECX, created by Paul Sztorc, was largely overshadowed by the $6.3 billion Binance hack on the same day. ECX reached a peak price of $134.97 but has since dropped 76% to around $32, with a market cap near $639 million. Limited exchange support and thin liquidity challenge ECX's market relevance despite its technical pedigree. The incident highlights that new blockchain forks need strong utility and exchange backing to sustain value amid market turmoil.

The Binance Coin (BNB) price on Pluang is Rp13.004.239 as of Nov 05, 2026 04:32 WIB, showing a 1.87% increase in the last day. Despite the Binance hack stealing headlines, BNB's market cap remains strong at Rp1.706,97 trillion. Pluang users show a slightly higher sell activity at 56%, with a typical hold time of 90 days, indicating cautious but steady interest in BNB.

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