ECX Loses 76% From Launch Peak as Binance Hack Dominates
Bitcoin.com reports that ECX fell 76% from its post-launch high as attention shifted to a $6.3 billion Binance hack and a broader crypto downturn.
Bitcoin.com reports that ECX fell 76% from its post-launch high as attention shifted to a $6.3 billion Binance hack and a broader crypto downturn. Bitcoin (BTC) is trading at ₹76,21,734 ($80,369.00), up 0.2% since this brief published. This is an original Token Times brief based on reporting by Bitcoin.com, with live market data added, as of Wed, 04 Nov 2026 23:15:01 UTC.
The launch shows how quickly a new crypto asset can lose market attention when a major security incident dominates news flow. The scale of ECX’s retreat also makes its $134.97 peak the key benchmark for assessing the launch’s subsequent performance.
- ECX reached $134.97 during its phased launch and trading debut.
- The asset subsequently surrendered 76% of its peak value.
- Bitcoin.com attributes limited attention partly to a $6.3 billion Binance hack.
- Bitcoin is up 3.10% over 24 hours but down 1.26% over seven days.
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- Elliptic Tracks $2.2M in Binance Hack Proceeds Through Bitcoin Mixing
- TRON Emerged as Early Channel for Binance Hack Proceeds, Elliptic Reports
- OKX's Bitcoin Reserves Surge $1B Amid Binance's $6.3B Hack
- ECX Loses 76% From Launch Peak as Binance Hack Dominates — this brief
Bitcoin.com reported that Drivechain creator Paul Sztorc launched ECX through a phased rollout on Oct. 29, 2026. The forked digital asset traded as high as $134.97 per coin after launch, according to the outlet’s account of the early trading period.
That peak proved temporary. ECX gave up 76% of its valuation before the period covered by Bitcoin.com, although the report did not provide a current ECX trading price or detailed trading-volume figures. The source said the asset’s launch was largely overshadowed by the recent $6.3 billion Binance hack and the cryptocurrency downturn that followed it.
The report emphasized ECX’s connection to Drivechain and Sztorc’s role in creating the project, placing the launch within a broader week dominated by security concerns and reduced market attention. The Binance hack was described as the main event eclipsing the new asset’s debut, rather than as a direct cause of ECX’s price decline.
The wider crypto market presented a mixed backdrop. Total market capitalization stood at $2.75T, with the overall market broadly up, while the Fear & Greed index remained at 34, indicating Fear. Bitcoin traded at $80233, gained 3.10% over 24 hours, remained down 1.26% over seven days and carried a $1.61T market capitalization. The $134.97 ECX peak remains the clearest reference point for evaluating the launch’s trajectory.
Since this brief published about 2 hours ago, Bitcoin (BTC) has moved from ₹76,08,836.62$80,233.00 to ₹76,21,734.08$80,369.00 — +0.17%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₹8.25M (about $80,369.00), up 3.3% over 24 hours. The rupee itself trades about 8.2% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
ECX Loses 76% From Launch Peak as Binance Hack Dominates — questions & answers
How much did ECX fall from its peak?
ECX surrendered 76% of its peak valuation after reaching $134.97 per coin, according to Bitcoin.com.
What overshadowed the ECX launch?
Bitcoin.com said the recent $6.3 billion Binance hack and the subsequent crypto downturn largely eclipsed the launch.
How was Bitcoin performing at the time?
Bitcoin was priced at $80233, up 3.10% over 24 hours but down 1.26% over seven days.
How much is 1 Bitcoin worth in rupee today?
About ₹8.25M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $80,369.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.17% since this brief first published — trading at ₹76,21,734 ($80,369.00) now versus ₹76,08,837 ($80,233.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Bitcoin.com. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.