FUNToken suffered a roughly 90% price crash after a hacker linked to the Binance incident sold the little-known cryptocurrency alongside other smaller tokens, according to CoinDesk. The selling overwhelmed markets with limited liquidity, illustrating how quickly prices can move when large orders hit thinly traded digital assets.
What happened
The hacker disposed of FUN and several other small tokens in the market. Because those markets were not deep enough to absorb the volume of selling, prices fell sharply. FUN, a token launched in 2017, was among the assets affected.
A market’s liquidity refers to how easily an asset can be bought or sold without causing a substantial change in its price. In a thin market, even one large transaction can consume available buy orders and push quoted prices significantly lower. That effect can be particularly pronounced in smaller digital tokens, where trading activity and order-book depth may be limited.
The reported move does not indicate that the token’s underlying project changed. It describes the immediate market impact of forced or opportunistic selling: a concentration of supply met insufficient demand at prevailing prices. Other smaller tokens were also sold, with the resulting declines varying by asset.
Why the move matters
The episode highlights the price risk associated with low-liquidity crypto markets. A headline price can change rapidly when a holder sells a large position, while the final execution price may differ substantially from the level available before the transaction. Sharp falls can also make it harder for other market participants to exit without adding further selling pressure.
The incident links the token’s crash to activity by a Binance hacker, but the source material does not provide further details about the hack, the amount sold or the identity of the individual involved.
Moneyiar market picture
Moneyiar data at October 25, 2026, around 22:39 +03:30, showed FUN at $0.0089182414, up 1.62% over 24 hours and 0.08% over seven days. BNB was $740.8618136891, up 0.81% in 24 hours and 3.32% over seven days. LIT stood at $3.1819342396, down 1.45% over 24 hours but up 5.12% over seven days. ENS was $5.2749448818, down 0.45% and 2.02% over those periods.
