Paul Sztorc's ECX, a Bitcoin fork, climbed to an all-time high of $134.97 and has since lost 76% of that peak value. Its Oct. 29 launch was largely overshadowed by the $6.3 billion Binance hack.
ECX has relinquished 76% of its peak valuation, leaving it near $32 after hitting an all-time high of $134.97 per coin. The slide followed a debut that the $6.3 billion Binance hack largely eclipsed.
ECX trades near $32 after a nearly 31% daily drop
At 4:15 p.m. Eastern time on Nov. 4, 2026, ecash (ECX) was trading just above $32, having surrendered nearly 31% of its value over the preceding 24 hours. ECX is the native token of the Ecash blockchain, a Bitcoin fork led by Layertwo Labs founder Paul Sztorc.
Sztorc's fork was deliberately orchestrated, giving nearly every BTC holder, with the exception of Satoshi Nakamoto, an equivalent ECX balance at a 1:1 ratio. The rollout ran in three phases and ended with the mainnet debut on Oct. 29, 2026.
At around $32 per coin, ECX has a market capitalization of approximately $639 million, according to Bitcoin News. That would place it near the bottom of the top 100 cryptocurrencies. Exchange support remains very limited, though Neoxa Exchange facilitates ECX trading.
The Binance hack pulled attention away
The Binance hack eclipsed the Ecash mainnet debut on the same day and drew far more attention across the industry. Even the BIP110 fork associated with Luke Dashjr appeared to attract more publicity than Sztorc's planned fork.
Market participants were largely preoccupied with the $6.3 billion breach of the world's largest cryptocurrency exchange by trading volume, according to Bitcoin News.
ECX ranks fourth among Bitcoin forks
Among Bitcoin and its forks only, ECX still ranks fourth by market capitalization, per eCash's own website, behind bitcoin, bitcoin blake2b, and bitcoin cash. Bitcoin SV and the earlier Ecash blockchain, which split from bitcoin cash, both have lower valuations than ECX.
Bitcoin Blake2b, which trades under the tickers BTCB2 or XBT, also has a higher price per coin. BTCB2 stood at $317 at press time, while ECX traded near $32.
Both assets sit in sparsely adopted ecosystems with limited exchange support and thin liquidity, so even modest swaps can move prices sharply. In the source's view, a fork must prove its worth through liquidity, exchange listings, and demand rather than technical lineage.
Source: Bitcoin News
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