Thursday 29 Oct: $698.65 (-8.02%)
Friday 30 Oct: $704.39 (+0.82%)
Saturday 31 Oct: $703.60 (-0.11%)
Sunday 1 Nov: $712.69 (+1.29%)
Monday 2 Nov: $699.24 (-1.89%)
Tuesday 3 Nov: $698.69 (-0.08%)
Wednesday 4 Nov: $720.06 (+3.06%)
US spot BNB ETF
Top BNB Treasury companies
BNB Chain
What it means
BNB closed at approximately $720.06 on November 4, down approximately 5.2% from approximately $759.59 on October 28.
The Binance hack on October 29 sent BNB down 8.02% for its worst day and the biggest drop among the big five coins, with a low of approximately $680.
Binance claimed to have replaced about 98% of the approximately $6.3B, reopened withdrawals on November 1, and completed a proof-of-reserves check for 10 tokens, including BNB.
On November 4, BNB rose 3.06% for the best day of the window.
VanEck’s spot BNB ETF, VBNB, had its first outflow in 12 sessions (-$271,006), and BNB Chain set Jenner for mainnet on December 8.
Part of a seriesLast week, on October 28, BNB closed at around $759.59. One week later, on November 4, it closed at around $720.06. This represents a drop of around 5.2%.
On October 29, BNB was adversely impacted by the $6.3B hack on Binance, the hardest hit of the big five coins. It closed that day at around $698.65, an 8.02% drop, after dipping to about $680. It traded around $700 for a few days while Binance replaced the funds and reinstated customer withdrawals. On November 4, BNB closed up 3.06%, the day after Binance said it replenished 98% of the affected funds. VBNB, which had no flows for 11 consecutive sessions, had its first outflow. By November 3, BNB Chain had scheduled the Jenner hard fork for mainnet on December 8.
Prices are UTC day closes (Coinranking, matched with Binance and Gate.io data via Twelve Data within about 0.1%). Last week’s unconfirmed 28 October close is now confirmed at about $759.6.
The worst day of the window and the biggest daily drop among BTC, ETH, SOL, XRP and BNB. High about $761, low about $680.
From about 20:05 UTC, hackers drained Binance hot wallets in about 20 minutes. Binance estimates the loss at about $6.3B across ten blockchains (CoinDesk). TRM Labs and Elliptic linked the attack to North Korea’s TraderTraitor group. Binance suspended withdrawals but kept deposits open, and Tether and Circle froze about $3B of stablecoins.
VBNB: no flows.
BNB was down 7.1% over 24 hours on the morning of 30 October (The National). Binance announced it would cover user losses from SAFU, and from Binance’s own funds (The National). Binance said its preliminary investigation showed a DevOps Engineer’s laptop was compromised, with no signs of private keys being exposed. Crypto liquidations surpassed $1.5B over the 24 hour period.
VBNB: no flows. Net assets decreased from $98M to $92M. With no flows, the decrease in net assets is likely due to the decrease in price of BNB (CryptoSlate).
Binance said it replaced 90% of the stolen assets, and published a reserves snapshot at 00:00 UTC that day.
Withdrawals resumed in phases from 06:00 UTC. BNB Smart Chain was in the first phase, with BNB, USDT, and USDC withdrawals open by about 07:48 UTC (CryptoTicker). Binance said 95% of the stolen assets were replaced (CoinDesk).
Users withdrew about $4.65B and deposited about $1.01B between 06:00 and 15:30 UTC (Binance via Bitcoin.com News).
Binance completed a proof-of-reserves for 10 tokens, including BNB, and said they are 1:1 backed (The Block). DefiLlama showed Binance’s tracked assets declining from about $144.9B on 29 October to about $128.3B. This includes the hack, withdrawals, and lower prices (Bitcoin.com News).
VBNB: no flows.
It was US midterm election day. Binance started phase two of withdrawals at 04:00 UTC. CEO Richard Teng said that 98% of the affected assets had been replaced (Cryptonomist).
BNB Standard (BNC) appointed Anthony Scaramucci to its board (SEC 8-K).
By November 3, BNB Chain’s BSC v1.8.2 client had scheduled the Jenner Hard Fork to mainnet for December 8, 2026 at 2:30 AM UTC (GitHub).
VBNB: It recorded -$271,006 in net flow on November 3, its first net flow after 11 sessions of no net flow. Its net assets were $92.14M, equivalent to 0.10% of BNB’s market cap (TokenPost).
It was the best day of the window. BNB dipped to around $681 on Gate.io, and rallied afterwards. Binance said the replaced assets totaled $6.17B, and there was around $126M worth of less liquid tokens remaining. Binance took a new reserves snapshot at 00:00 UTC, covering 44 tokens (BlockchainReporter).
VanEck’s VBNB is the only currently listed US spot BNB ETF, therefore, there is no top 5. Its only flow in the window was -$271,006 on November 3. Net assets are around $92.1M.
Only three companies are being tracked. BNB Standard (BNC) holds around 515,544 BNB (BitcoinTreasuries), Nano Labs (NA) holds around 128,000 BNB, and The Brooker Group holds around 43,000 BNB. Together, they hold around 0.52% of the total supply (CoinGecko, undated). On November 3, BNB Standard added Anthony Scaramucci to its board.
Jenner has been live on the BSC testnet since 28 October. On 8 December, the mainnet release of Jenner will bring Payment Lane (BEP-703), millisecond timestamps (BEP-706) and the CAS20 asset standard (BEP-702) to the BNB Chain. The BNB blockchain burned no tokens this week. The 37th burn on 19 October left the circulating supply at approximately 131.51M BNB.
In the hack, BNB took the largest loss, as it’s Binance’s own token. However, it held around $700 as Binance refunded users and reopened withdrawals. It rose 3% on November 4, the day after the 98% replacements were announced. Currently, the support levels are around $680 to $685 (the hack lows), with additional support at $670 and $650. Resistance levels are at $720 and $740 to $750 (Coinpaper). Coming up: the release of Binance’s full proof of reserves, the forensic report of the hack, the remaining 2% of replacements, and the mainnet release of Jenner on December 8.
Data and sources: Prices from Coinranking and Twelve Data (Binance, Gate.io); ETF data from SoSoValue via TokenPost and CryptoSlate; Binance hack and recovery from CoinDesk, The National, The Block, Cryptonomist, BlockchainReporter, CryptoTicker and Bitcoin.com News (DefiLlama); Jenner from GitHub; treasuries from BitcoinTreasuries, CoinGecko and SEC filings; supply from BNB Chain; levels from Coinpaper.
India Crypto Research operates independently. The information presented herein is intended solely for educational and informational purposes and should not be construed as financial advice. Before making any financial decisions, it's essential to undertake your own thorough research and analysis. If you're uncertain about any financial matters, we strongly recommend seeking guidance from an impartial financial advisor.
