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Ethereum fees hit $47.3M after Binance hack sparks intense trading and whale buys 16,658 ETH.

Market News
02 Nov 2026, 11:00 WIB
AMBCrypto
View Source
Neutral
Ethereum fees hit $47.3M after Binance hack sparks intense trading and whale buys 16,658 ETH.

Following the Binance breach, Ethereum's daily fees surged to a record $47.3 million on October 30, driven by hackers converting stolen funds and increased trading activity. This spike intensified competition among arbitrage and MEV bot traders, pushing Ethereum's volume far above other platforms. Meanwhile, a whale bought 16,658 ETH worth nearly $38 million, signaling long-term accumulation amid market volatility. However, weak U.S. buying demand, shown by a negative Coinbase Premium index, poses challenges to Ethereum's price recovery despite these large purchases.

As of Nov 02, 2026 16:21 WIB, Ethereum (ETH) trades at Rp41.604.849 on Pluang, showing a 1.06% increase over the past day. The platform records a market cap of Rp5.077,29 trillion and a 24-hour trading volume of Rp134,91 trillion, with a slight majority of buy orders at 52%. Typical hold time for ETH on Pluang is 108 days, indicating a moderate-term investment horizon among users.

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