BNB Price Rises 2% Despite BNB Chain X Account Hack

BNB price jumped 2% in the last 24 hours, climbing to $1,011 on a 14% plunge in the daily trading volume to $3.95 billion.

The jump comes despite the official BNB Chain X account being compromised, with hackers using it to promote a meme coin featuring Binance founder Changpeng Zhao (CZ) and advertise fake airdrops promising free rewards.

According to Binance’s Chinese account, the English @BNBCHAIN handle was hacked a few hours earlier, and multiple phishing links were shared, confusing investors. The attack is notable because it came shortly after CZ commented on the “utility” of meme coins, adding an ironic twist to the scam.

In response, CZ issued an urgent warning from his personal X account, confirming the breach and cautioning users not to connect their wallets to any of the phishing links. He explained that the malicious posts asked users to sign in via Wallet Connect, a common method used by scammers to steal funds.

Binance’s security team has already reported the issue to X, working first to suspend the compromised account before restoring access. They are also filing takedown requests against the phishing websites linked in the scam. CZ urged the community to remain cautious, carefully verify domains, and follow the SAFU principle to stay protected against similar threats.

Binance Coin Sustains Momentum Above $1,000

Binance Coin has maintained momentum above $1,000 mark, keeping up its strong momentum after weeks of gains. At the time of writing, BNB is trading at $1,011, showing a small 0.34% daily increase but holding firm within its strong upward trend.

The chart shows that BNB went through different phases before this breakout. From July onward, buyers took control, and BNB started to climb quickly in a parabolic pattern. This move has created strong support zones and higher price levels, a clear sign of strong demand.

Even so, BNB continues to respect its parabolic curve, meaning the overall uptrend is still in place. The main support level sits between $720 and $750, and as long as the price stays above this zone, analysts expect the rally to continue.

Technical indicators back up this outlook. The Relative Strength Index (RSI) is near 64, showing that the coin is not yet heavily overbought. This means there could still be more room for growth, though small pullbacks are possible. If BNB manages to close above $1,050, traders believe the next target could be around $1,200.

Traders are now watching closely to see if BNB can hold above $1,000 or if it will pull back slightly to confirm its support line before moving higher. Either way, the recent breakout from months of sideways trading makes BNB one of the top-performing assets in the market right now.