On that same day, the entire cryptocurrency market saw a decrease of 6%, shrinking the total market cap to $1.1 trillion, as reported by cryptocurrency data sources. CoinGlass, a market data tracker, mentioned that this downturn eradicated more than $1 billion in cryptocurrency positions within a day.
The value of BNB went down to less than $220, further affecting the BNB Smart Chain hackers. Blockchain evidence suggests that due to this decrease in value, three positions associated with the compromised wallet were automatically liquidated. Currently, BNB’s value stands at $218 per token.
The market’s sharp decline had varied consequences for different players. In a noteworthy move, a prominent crypto investor offloaded 22,341 Ether, valued at about $41 million, a few days prior to the downturn. This action potentially saved the investor from a decline of over $5 million in asset value. However, the investor still incurred a loss of approximately $1.7 million from the transaction.