BNB Crypto Drops 8.7% in an Hour as Binance Loses $6.36 Billion to Hackers, and Futures Traders Turn Short: Can BNB Hold Its 200-Day Average?

BNB crypto fell 8.7% in an hour on Thursday, October 29, from $744.90 to $680, as hackers drained about $6.36 billion from Binance, the exchange behind the token, in the largest crypto theft on record. The bounce since has been the weakest among the big coins. BNB trades at $702, down 6.2% in 24 hours, with a $92.4 billion market cap and 48.7% below its $1,370 record from October 2025. In futures, traders who bet against it are now paying to keep those bets open. So why is BNB taking the hack harder than Bitcoin, what happened to it after Binance’s last two security scares, and where are the levels that matter? If a $6.3B security breach can't completely break $BNB, what will? The market is testing @BNBCHAIN resilience right now. Historically, moments of maximum fear can create the best opportunities. Maybe this time is no different. — Elja (@Eljaboom) October 30, 2026 DISCOVER: Meme coin supercycle: Top performers this week Why Is BNB Falling Harder Than Bitcoin? Because it is the coin most tied to Binance itself, and futures traders are now betting on that link. From the 20:00 UTC price on Thursday, BNB is still down 5.6%, more than Bitcoin, Ether, Solana, XRP or Dogecoin. Large-...