Ether price fell from $2,335 to $2,255 over the hour preceding a 20:51 UTC market post on October 29, 2026, as reports circulated of a possible Binance security incident. Binance later said it was investigating a potential issue; the timing does not establish what caused the price decline.

Key Takeaways

  • A separate post said Ether fell below $2,250, though its accompanying chart showed a last price near $2,261.39.
  • An Etherscan record showed a transfer of 167,464.25 ETH from a wallet labeled Binance 14, but did not establish whether the Ether was sold.

Ether price reports differ

Trader Nebraskangooner posted the $2,335-to-$2,255 move at 20:51 UTC and described the possible Binance incident as unconfirmed. The same post said Bitcoin had moved from $80,800 to $78,800.

At 20:55 UTC, market commentator The Kobeissi Letter said Ether had fallen below $2,250. Its accompanying Ether chart showed a last price near $2,261.39, so the chart header and the post’s text did not match. Neither reported Ether figure establishes a market close or a confirmed cause of the decline.

Wallet transfer is separate from the market quote

An Etherscan transaction page showed 167,464.25 ETH transferred from the address labeled Binance 14 at 20:24:23 UTC to an address tagged Binance Hot Wallet Exploiter 2. The page displayed a successful status alongside a contract-execution warning.

The page also showed a more precise amount in an internal transaction line. Etherscan’s explanation of internal transactions describes these as ETH transfers carried out through a smart contract. The transfer record is not a trade confirmation, and the available information does not show whether the Ether was subsequently sold.

What Binance and its founder said

At 21:29 UTC, Binance said its teams were investigating reports of a potential security issue and that user funds were completely safe. It did not confirm a hack in that statement.

Earlier, at 21:15 UTC, Binance founder and shareholder Changpeng Zhao said the incident looked like a hack and that he expected user funds to be fully covered. Zhao also said he no longer manages Binance.com; his expectation was not confirmation that a reserve had been used.

Next milestone

Binance said it would provide updates through its official channels as information became available.

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