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Binance hacker moves $46M in Solana amid Bitcoin swap rumors, but link to SOL price drop unclear

Market News
01 Nov 2026, 18:12 WIB
Blockonomi
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Bearish
Binance hacker moves $46M in Solana amid Bitcoin swap rumors, but link to SOL price drop unclear

The Binance hacker transferred about 486,970 SOL worth $46.4 million on November 1, sparking speculation of swaps into Bitcoin that might have pressured Solana's price. However, public transaction data does not confirm any Bitcoin purchases, and Solana's price had already dropped 6.6% days earlier, weakening the link between the transfers and the price decline. The FBI attributes the $6.3 billion Binance hack to North Korea's TraderTraitor group, with most stolen assets replaced and withdrawals resuming. Market watchers remain cautious as the hacker's remaining holdings and their impact on Solana's price continue to unfold.

As of November 1, 2026, 23:21 WIB, Solana (SOL) trades at Rp1.716.420 with a 1-day decline of 1.32%, while Bitcoin (BTC) is priced much higher at Rp1.415.364.914 and gained 0.82% in the same period on Pluang. Despite the hacker dumping a large amount of SOL, the 1-day price drop for SOL is moderate compared to its market cap of Rp1.014,15 trillion and 24-hour volume of Rp23,15 trillion. Bitcoin's market cap and volume remain significantly larger at Rp28.411,54 trillion and Rp222,64 trillion respectively, showing a stronger market presence as of the same time.

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