Altcoins▼ Bearish

Binance hacker's sell-off of obscure 2017 token FUN sends its price sharply lower

TradingGain Newsroom·1h ago·30 Oct 2026, 07:54 UTC

A hacker linked to Binance dumped FUN, a little-known token from 2017, along with other smaller tokens. These markets were too small to absorb such heavy selling, and FUN's price reportedly crashed 90%. Traders may see this as a reminder that thinly traded tokens can swing hard on large sales.

Why it matters

Small token markets can't absorb big sell orders without prices falling sharply.
FUN's price reportedly crashed 90% after the hacker's selling.
Low-liquidity altcoins carry higher risk when a single large seller hits the market.

What to watch next

Watch for any update from Binance on the hack and whether selling pressure spreads to other small-cap tokens.

This brief is written by TradingGain from public reporting by CoinDesk.Read original ↗

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TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.