Tom Lee Views Ethereum's 4% Decline as Bullish Despite Binance Hack
Ethereum's modest 4% drop following Binance's $6.3B hack suggests resilience, according to Tom Lee.
Ethereum's modest 4% drop following Binance's $6.3B hack suggests resilience, according to Tom Lee. Ethereum (ETH) is trading at ₹2,17,009 ($2,288.30), up 1.6% since this brief published. This is an original Token Times brief synthesising 3 outlets (CryptoSlate, Crypto.news, CoinCodex), plus live market data, as of Wed, 04 Nov 2026 06:15:01 UTC.
The muted market reaction to a major security breach indicates potential strengthening of investor confidence and market stability, which could be a precursor to a broader bull market.
- Binance suffered a $6.3B hack on October 29, 2025.
- Ethereum's price fell only 4% post-hack, showing resilience.
- Tom Lee interprets the limited price drop as a bullish signal.
CryptoSlate reports that Tom Lee, chairman of BitMine, views the relatively small 4% decline in Ethereum's price following Binance's $6.3 billion hack as a sign of market strength. This contrasts with Ethereum's 8% drop during a previous, smaller hack, suggesting improved resilience. Lee believes this muted reaction indicates the start of a bull market, despite the significant amount stolen being more than four times larger than the $1.5 billion taken from Bybit in February 2025.
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- Tom Lee Views Ethereum's 4% Decline as Bullish Despite Binance Hack — this brief
On October 29, 2025, Binance experienced a major security breach resulting in the loss of $6.3 billion, one of the largest hacks in cryptocurrency history.
In response to this significant event, 
Ethereum's price decreased by only 4%, a relatively modest decline compared to past reactions to similar incidents.
Tom Lee, chairman of BitMine, highlighted this as a positive indicator, noting that the market's restrained response suggests growing resilience and potential for a bull market. This is in contrast to Ethereum's 8% drop during a previous, smaller hack.
The broader market context shows a total crypto market cap of $2.65 trillion, with 
Bitcoin down 1.70% in the last 24 hours and the overall market in a downturn. The Fear & Greed index stands at 26, indicating a 'Fear' sentiment.
Ethereum is currently trading at $2252.98, having fallen 1.53% in the past 24 hours and 2.94% over the last week. Its market cap is $275.32 billion.
Since this brief published about 29 hours ago, Ethereum (ETH) has moved from ₹2,13,659.68$2,252.98 to ₹2,17,009.22$2,288.30 — +1.57%.
The chart plots ETH'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 ETH ≈ ₹233,200.65 (about $2,288.30), up 2.2% over 24 hours. The rupee itself trades about 7.5% 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.
Tom Lee Views Ethereum's 4% Decline as Bullish Despite B — questions & answers
How much was stolen in the Binance hack?
Binance lost $6.3 billion in the October 29, 2025 hack.
Why is Tom Lee optimistic about the market?
Lee believes the small 4% drop in Ethereum's price after the large Binance hack indicates growing market resilience and potential for a bull market.
How does this hack compare to previous ones?
The $6.3 billion stolen is more than four times larger than the $1.5 billion taken from Bybit in February 2025.
How much is 1 Ethereum worth in rupee today?
About ₹233,200.65 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $2,288.30. The rupee price moves with both ETH's US-dollar price and the USDT/INR rate; use our Ethereum in rupee page for any amount.
Has Ethereum's price moved since this brief was published?
ETH is up 1.57% since this brief first published — trading at ₹2,17,009 ($2,288.30) now versus ₹2,13,660 ($2,252.98) 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 CryptoSlate, Crypto.news, CoinCodex, with the key figures cross-checked for agreement across them. 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.