Overview of the WBETH + BNSOL Plunge and Unpegging Event Last Week 👀 $WBETH (Wrapped Beacon ETH) is an Ethereum-collateralized wrapped token on the Binance platform. It is supposed to maintain a 1:1 peg with the underlying ETH (calculated by the collateralization ratio). However, last week (the evening of October 10, 2025), an extreme unpegging event occurred, causing its price to plummet to approximately $430 on Binance. During the same period,