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PYTH plunges 12% amid Binance hack fallout and $179M capital outflow, with earnings hitting record lows.

Technical Signals
30 Oct 2026, 23:00 WIB
AMBCrypto
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Bearish
PYTH plunges 12% amid Binance hack fallout and $179M capital outflow, with earnings hitting record lows.

PYTH Network's price dropped about 12% following the Binance hack, which caused $6.3 billion in losses. The protocol saw a $179 million capital outflow, with Total Value Secured falling to $2.985 billion. Earnings also hit a record low of $1,310 monthly, signaling reduced user engagement. Meanwhile, perpetual market traders, especially whales, increased short positions, though spot traders appear to be accumulating the asset, possibly viewing the decline as a buying opportunity.

PYTH trades at Rp1.106 on Pluang, down 10.68% in the past day as of Oct 31, 2026 03:22 WIB, reflecting continued pressure after the Binance hack. The market cap stands at Rp8,69 trillion with a 24-hour trading volume of Rp1,09 trillion. Pluang order activity shows a nearly balanced split with 51% selling and 49% buying, while typical hold time is 60 days, indicating mixed sentiment among investors.

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