BNB Edges Higher As Community Rallies After X Account Hack

Core Insights - BNB experienced a price fluctuation, closing near $1,020, up more than 1% despite a security breach involving its official X account [1][3] - The hack involved phishing links for a fake memecoin, resulting in a loss of approximately $8,000, with one user losing $6,500 [2] - Binance's founder stated that the security team is tracking the stolen funds and will fully reimburse the victims, while the community reacted positively by purchasing the scam token, causing a 500% price increase [3] Market Performance - BNB's 1% increase is modest compared to the broader cryptocurrency market, which rose by 3.8% as investors sought alternative assets amid a U.S. government shutdown [4] - BNB traded within a $27 range, opening at $1,020.36 and dipping to a low of $993.23, reflecting a 2.6% intraday decline with significant trading volume [5] - Buyers entered the market around the $993–$998 range, pushing the price back above $1,010, indicating strong support and willingness to defend against dips [6]