PEPE and UNI Purchased by Wallet Allegedly Linked to Binance Hack

Wallets that are allegedly connected to Binance hack, it was recorded that 7.77 trillion PEPE and approximately 7.02 million UNI were received. However, recent transaction data shows that these two assets are not simply being held.

Wallets linked to the perpetrators actually transferred and sold tokens through decentralized exchanges (DEXs), including Uniswap, to acquire Ethereum (ETH).

This activity has attracted attention because it involves crypto assets worth tens of millions of US dollars.

On-chain data also shows the sales process in dozens of transactions.

So, how did the PEPE and UNI flows work, how much of the assets were converted, and what impact did they have on the crypto market?

Key Takeaways

• A wallet allegedly linked to Binance received 7.77 trillion PEPE and approximately 7.02 million UNI from a series of asset transfers.

• Lookonchain reported that PEPE sales generated approximately US$31.66 million, while UNI generated approximately US$39.63 million.

• Selling through Uniswap has the potential to increase selling pressure, especially when traders dump large amounts of assets in a short period of time.

How Do Allegedly Binance-Linked Wallets Get PEPE and UNI?

This incident relates to the Binance security incident on October 29, 2026.

In its official announcement on October 30, Binance said that initial investigations pointed to a possible compromise of a laptop belonging to a DevOps engineer.

The attacker allegedly exploited this access to carry out unauthorized withdrawal transactions.

Binance estimates the impact of the incident at US$6.3 billion.

The company also stated that it has worked with blockchain partners to freeze approximately US$3 billion in affected assets.

Binance is committed to covering all losses using SAFU funds and company resources.

In blockchain tracking, a number of addresses were then labeled linking them to Binance hot wallet exploit activity.

One of them is a wallet called Binance Hot Wallet Exploiter 12.

It is important to understand that wallet labels are the result of on-chain identification and tracking.

The label does not in itself prove the legal identity of the address owner.

Read Also:Ledger Wallet Hacked, Seed Phrase Stolen? Here Are the Facts

PEPE: 7.77 Trillion Tokens Sold Through Uniswap

Source: x.com/@DegenerateNews/

Based on Etherscan transaction data listed in the Degenerate News post, as much as 7.77 trillion PEPE moved from the Binance Hot Wallet Exploiter 2 wallet to Binance Hot Wallet Exploiter 12.

After receiving the assets, the receiving wallet executes a series of swap transactions.

The history snapshot shows a total of 96 transactions, including token movements to several Uniswap liquidity pools.

One of the transactions that CryptoNews also discussed involved approximately 68.01 billion PEPE.

The tokens entered the liquidity pool, generating approximately 135.34 WETH, which was then converted into ETH worth approximately US$307,700. This 68.01 billion figure represents a single transaction, not the entire sale of 7.77 trillion PEPE.

Meanwhile, a Lookonchain report on October 30 stated that the perpetrator had sold all 7.77 trillion PEPE.

The sale generated approximately 14,049 ETH worth approximately US$31.66 million and an average sale price of US$0.0000041 per token.

The difference between the initial value estimate of US$35 million to US$37.5 million in X's upload and the sales value of approximately US$31.66 million is worth noting.

The asset value when it arrives in your wallet doesn't always reflect the actual sale price. Market prices, liquidity, and transaction execution can influence the final value.

Read Also:Bitcoin Security Vulnerability Discovered by AI: Is BTC at Risk?

UNI: Millions of Tokens Converted to Ethereum

Besides PEPE, UNI was also included in a series of wallet transactions suspected to be related to the Binance incident.

According to a TokenPost report, approximately 7,011,783.90 UNI moved from the Binance outflow wallet to another receiving wallet on October 29.

Its value when the transaction took place was estimated at around US$47.26 million.

In the initial monitoring phase, the recipient wallet had sold approximately 3.86 million UNI through 23 transactions.

TokenPost noted the wallet still held around 3.16 million UNI and 10,002 ETH as of the 22:01 UTC snapshot.

The next development was reported by Lookonchain on October 30.

Based on their monitoring, all 7.02 million UNI tokens have been sold at an average price of around US$5.65 per token. The sales proceeds are estimated at US$39.63 million.

The UNI on-chain transaction activity shows the use of several Uniswap liquidity pools.

CryptoNews also mentioned that transactions took place via Uniswap V2, V3, and V4, including the UNI-USDT and UNI-WBTC pairs.

Read Also:BNB Weakens After Alleged Binance Hack, Panic Selling Depresses Price

Comparison of PEPE and UNI Sales by Related Wallets

Below is a summary of transactions based on on-chain reports available through October 30, 2026.

Of the two assets, UNI generated a higher sales value than PEPE. However, both were part of a broader asset liquidation activity.

Lookonchain reports that the perpetrator also sold ENA, LINK, AAVE, ONDO, and WLD.

The total proceeds from the sale of the seven assets reached approximately 70,480 ETH or US$158.25 million based on estimates at the time of the transaction.

Read Also:CoinDCX Hack: 15.99 Million USDT Lost, Initially Called a False Alarm

What Impact Will PEPE and UNI Sales Have on the Crypto Market?

The sale of 7.77 trillion PEPE and 7.02 million UNI by a wallet suspected of being linked to the Binance hack has the potential to increase selling pressure on both tokens.

This activity can also impact trading liquidity and investor sentiment, especially if the market is unable to absorb large sales volumes.

There are three main impacts that investors need to pay attention to.

1. Selling Pressure Has the Potential to Depress PEPE and UNI Prices

Selling large amounts of tokens can increase the supply available in the market.

If demand is unable to keep up with sales volume, PEPE and UNI prices could potentially decline.

This risk is quite relevant for PEPE as a meme coin whose price movements are sensitive to market sentiment.

Meanwhile, the sale of UNI in millions of tokens can also affect the balance of supply and demand.

2. Uniswap Liquidity Faces Pressure

Sales transactions through Uniswap utilize liquidity pools, which are pools of assets used to facilitate token exchanges.

When a player exchanges a large amount of tokens, the transaction can change the asset composition within the pool and trigger a price impact. This makes the execution price less favorable than the price before the transaction.

The magnitude of the impact depends on the depth of liquidity, transaction volume, and the number of pools used to execute the sale.

3. Investor sentiment has the potential to worsen.

Selling activity by wallets suspected of being linked to the Binance hack could also raise investor concerns.

Market participants may anticipate further selling pressure, especially if there are still exploited assets that have not been liquidated.

However, negative sentiment does not always result in an immediate price decline.

Market reaction remains dependent on buyer activity, trading volume, and overall crypto market conditions.

What Should Investors Monitor?

Investors should pay attention to the development of identified wallet balances, subsequent outgoing transactions, PEPE and UNI trading volumes, and the depth of Uniswap's liquidity pool.

It is also important to follow the developments in the Binance investigation.

As of the information used in this article, a final technical report describing the entire incident and asset recovery process is not yet available.

For readers who want to monitor digital asset trading through a local platform, you can start by creating an account at Bittime. Check asset information, prices, and risks before making a transaction.

Bittime is a licensed and regulated Digital Financial Asset Trader (PAKD) supervised by Indonesia’s Financial Services Authority (OJK) — where you can buy Bitcoin in Indonesia and hundreds of other crypto assets starting from just Rp10,000. The registration process is fast, secure, and you can get started today.

Track USDT to IDR conversions and monitor your favorite crypto assets in real time. Everything is available in one crypto investment app that you can download for free on the Play Store

Ready to start? Register now on Bittime and execute your investment strategy with a platform trusted by millions of users in Indonesia.

FAQ

How much PEPE did the wallets related to the Binance hack sell?

Lookonchain reported that approximately 7.77 trillion PEPE had been sold, amounting to approximately 14,049 ETH, or US$31.66 million, according to estimates at the time of the transaction.

How much UNI does the wallet sell?

Approximately 7.02 million UNI have reportedly been sold, with an estimated sales value of US$39.63 million, with an average price of US$5.65 per token.

Why did the perpetrator sell PEPE and UNI through Uniswap?

Uniswap is a decentralized exchange that allows users to exchange tokens through a liquidity pool. This mechanism allows transactions to take place without the use of a centralized exchange as an intermediary.

Did the sale of PEPE and UNI cause the price of both tokens to fall?

Large sales can increase selling pressure and impact prices. However, the extent of the impact depends on liquidity, trading volume, and overall market conditions.

Is it certain that the wallet selling PEPE and UNI belongs to the Binance hacker?

The identity of the wallet owner has not been legally confirmed in any of the sources reviewed. The connection to the Binance incident stems from transaction tracking and address attribution by blockchain analysts.