BNB Rises 1% Despite Hack of Official X Account

BNB traded within a wide range over the past 24 hours, experiencing an early dip but closing near $1,020, up over 1%. This occurred despite a hack on BNB Chain’s official X account, which was used to post phishing links for a fake memecoin called "4".

The attacker stole approximately $8,000, with one victim losing $6,500.
Binance founder Changpeng Zhao assured that the security team is tracking the stolen funds and will reimburse affected users completely.
In response, the BNB community humorously bought the scam token, causing its price to increase by 500% as a show of resilience.

While BNB rose by 1%, the broader cryptocurrency market saw a 3.8% rise, driven in part by investors seeking alternatives like BTC due to the U.S. government shutdown.

Technical Analysis Overview

BNB traded between $993.23 and $1,021.03 within 24 hours, dropping from an opening of $1,020.36 to a low of $993.23.
The intraday dip of about 2.6% was accompanied by a spike in trading volume, doubling the daily average with over 100,000 tokens traded in an hour.
Strong buying near $993–$998 lifted prices above $1,010, indicating traders are defending short-term support around $1,010.
The stable close above $1,010 suggests buyers are ready to support further dips amidst positive developments.