Binance Hacker Initiates Large-Scale Sell-Off of PEPE and UNI Tokens
A suspected Binance hacker is offloading significant amounts of PEPE and UNI tokens for ETH on Uniswap, raising market concerns.
A suspected Binance hacker is offloading significant amounts of PEPE and UNI tokens for ETH on Uniswap, raising market concerns. Ethereum (ETH) is trading at $2,211.06, down 0.2% since this brief published. This is an original TLT brief synthesising 2 outlets (Bitcoin Sistemi, Coinfomania), plus live market data, as of Fri, 30 Oct 2026 02:30:04 UTC.
The large-scale token sell-off by the hacker could exacerbate market volatility and impact investor confidence in both Uniswap and the affected altcoins.
- Binance hacker is selling PEPE and UNI tokens on Uniswap for ETH.
- PEPE and UNI prices have dropped 8.3% and 10.2% in the past 24 hours, respectively.
- The sell-off could pressure ETH prices due to increased selling pressure.
- Uniswap's TVL has declined 2.8% over the past week.
Both Bitcoin Sistemi and Coinfomania report that the Binance hacker is offloading PEPE and UNI tokens on Uniswap, with Coinfomania specifying that the hacker is converting these tokens to ETH. While Bitcoin Sistemi provides a detailed transaction screenshot showing 68.01 billion PEPE tokens being traded, Coinfomania focuses on the broader market impact and potential for ETH accumulation by the hacker. Both outlets agree on the involvement of Uniswap and the affected tokens but differ in the level of detail provided about the transactions.
- Large PEPE Transfers Spark Speculation as Whales Move $48.76M from Poloniex
- Binance Hacker Initiates Large-Scale Sell-Off of PEPE and UNI Tokens — this brief
A suspected Binance hacker has initiated a large-scale sell-off of PEPE and UNI tokens on the decentralized exchange 
Uniswap, according to reports from 
Bitcoin Sistemi and Coinfomania. The hacker is converting these tokens to ETH, which could exacerbate selling pressure on the 
Ethereum network.
Bitcoin Sistemi provided a screenshot of a transaction showing approximately 68.01 billion PEPE tokens being traded. This massive sell-off has contributed to a 24-hour price decline of 8.3% for PEPE, while UNI has fallen by 10.2% over the same period.
The sell-off comes amid broader market weakness, with the total crypto market cap down to $2.65 trillion and Bitcoin experiencing a 4.86% drop in the past 24 hours. The Fear & Greed index remains at 30, indicating a 'Fear' sentiment among investors.
Uniswap's total value locked (TVL) has also been affected, declining by 2.8% over the past week to $3.79 billion, according to DeFiLlama. This suggests that the hacker's activities are having a ripple effect on the broader DeFi ecosystem.
The Ethereum price has dropped 5.61% in the past 24 hours, currently trading at $2216.47. The increased selling pressure from the hacker converting PEPE and UNI to ETH could further impact ETH's price in the short term.
Since this brief published about 4 hours ago, Ethereum (ETH) has moved from $2,216.47 to $2,211.06 — -0.24%.
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 TLT'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 ≈ ₦3.05M (about $2,211.06), down 4.0% over 24 hours. The naira itself trades about 2.4% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 30, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Binance Hacker Initiates Large-Scale Sell-Off of PEPE and UN — questions & answers
How much PEPE did the hacker sell?
The hacker sold approximately 68.01 billion PEPE tokens on Uniswap.
What is the impact on PEPE and UNI prices?
PEPE and UNI prices have dropped 8.3% and 10.2% in the past 24 hours, respectively.
Why is the hacker converting tokens to ETH?
The hacker is likely converting tokens to ETH to liquidate their holdings and potentially evade detection.
How much is 1 Ethereum worth in naira today?
About ₦3.05M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $2,211.06. The naira price moves with both ETH's US-dollar price and the USDT/NGN rate; use our Ethereum in naira page for any amount.
Has Ethereum's price moved since this brief was published?
ETH is down 0.24% since this brief first published — trading at $2,211.06 now versus $2,216.47 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Bitcoin Sistemi, Coinfomania, 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 TLT 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.