Wrapped Beacon ETH (WBETH) Price Today, November 30, 2025: Latest USD Level, News Roundup and Long‑Term Forecast

Wrapped Beacon ETH (WBETH) is ending November on a steadier note after a volatile year for Ethereum and liquid staking tokens. As of November 30, 2025, WBETH is trading just above $3,270–$3,280 per token, up modestly on the day but still well below its early‑November highs.

Below is a news‑style, SEO‑ready breakdown of the current WBETH USD price, the latest headlines from 28–30 November 2025, and how analysts are thinking about the token’s outlook into 2026 and beyond.

WBETH price today in USD

Market data from major trackers shows Wrapped Beacon ETH consolidating around the low‑$3,000s:

Spot price: CoinGecko quotes WBETH at $3,279.62 today, with a 24‑hour gain of about +1.0% and a 7‑day rise of +7.6%. ^[1]
Binance quote: Binance lists a live WBETH price of $3,269.57, with a market cap of around $10.67 billion, 24‑hour volume near $23.8 million, and a 7‑day gain of +9.8%. ^[2]
Circulating supply: Roughly 3.26 million WBETH are in circulation, putting the fully diluted valuation near the same $10.6–10.7 billion level. ^[3]
In rupee terms: India’s ET Markets page for WBETH shows the token at ₹293,077 at 18:35 local time, up 0.99% on the day, with a 1‑week gain of 7.28% but a ‑20.47% return over the last month. ^[4]

Over the 28–30 November window specifically, CoinGecko’s daily data shows WBETH hovering in a tight range:

Nov 28, 2025: $3,266.10
Nov 29, 2025: $3,285.89
Nov 30, 2025: $3,279.62 ^[5]

That pattern reflects a relatively calm few days after a sharp slide earlier in the month, when WBETH traded above $4,100–$4,200 at the start of November according to historical data from several price trackers. ^[6]

What is Wrapped Beacon ETH (WBETH)?

Wrapped Beacon ETH is Binance’s liquid staking derivative for Ethereum. Instead of locking ETH directly into the Ethereum validator set and waiting through unstaking queues, users can stake via Binance and receive WBETH in return.

Key design points:

Tokenized staked ETH: WBETH represents 1 BETH (Binance’s staked ETH) plus all accrued staking rewards. The BETH/ETH conversion is effectively 1:1, but the WBETH/ETH exchange rate increases over time as rewards accumulate. ^[7]
Dynamic conversion rate: Binance updates the BETH/WBETH conversion rate daily based on the ETH staking APR. WBETH holders can redeem back to ETH at this rate, with conversions rounded to eight decimal places. ^[8]
Use in DeFi: Because WBETH is an ERC‑20‑style token (and also exists on BNB Chain), it can be traded, borrowed against, or deposited into liquidity pools while still tracking the value of the underlying staked ETH. ^[9]
Centralized validator and custody risk: Risk‑assessment platform Exponential categorizes WBETH as a mid‑cap fully‑collateralized asset, but notes that it depends on a centralized custodian (Binance) and inherits its staking‑infrastructure risks. ^[10]

In simple terms, WBETH’s USD price is mostly “ETH price + staking yield”, with an additional layer of Binance platform risk and DeFi liquidity risk.

28–30 November 2025: WBETH price action in context

Short‑term performance

From 24 to 30 November, WBETH climbed from about $3,033 to roughly $3,280, a gain of around 8% week‑on‑week. ^[11] Indian market data shows a similar picture in rupees, with a 7‑day performance just over +7%. ^[12]

However, over a 30‑day horizon, Binance’s statistics show WBETH is still down roughly ‑22.5%, reflecting the sharp pullback from early‑November levels above $4,200. ^[13]

That mirrors the broader Ethereum market. ETH itself has spent late November oscillating near $3,000, up modestly in recent days but below its 2025 peak above $4,800. ^[14] Since WBETH’s value is tightly linked to ETH plus staking yield, its trajectory naturally follows.

News roundup: Wrapped Beacon ETH and liquid staking (28–30 Nov 2025)

A scan of crypto and market media between 28 and 30 November 2025 highlights several WBETH‑related angles, mostly around DeFi integrations, rankings, and the broader liquid‑staking narrative rather than fresh protocol shocks.

1. WBETH spotlighted in “Top Liquid Staking Platforms to Watch in 2026” (28 Nov)

On 28 November 2025, BeInCrypto published an editorial guide to “high‑yield liquid staking platforms” for 2026. In that piece:

PancakeSwap is profiled as “Best for WBETH access on BNB Chain.”
The article lists WBETH as PancakeSwap’s flagship liquid staking token, estimating protocol TVL at ≈$2.7 billion across chains (Q4 2025) and citing an indicative base yield of around 2.7% APR after fees for WBETH holders. ^[15]
Pros include multi‑chain WBETH support and deep liquidity on BNB Chain; cons focus on centralized validator risk from Binance and additional smart‑contract risk added by DeFi layers. ^[16]

This framing effectively positions WBETH as a bridge between Binance’s ETH staking flow and multi‑chain DeFi, with PancakeSwap acting as a key routing hub.

2. WBETH climbs ERC‑20 rankings by market cap (updated 28 & 30 Nov)

Crypto media outlet CoinGape updated its “Best Ethereum ERC20 tokens to invest in 2025” feature in late November. In the “Top ERC‑20 Tokens by Market Cap” table:

Wrapped Beacon ETH appears around rank 10, alongside major DeFi names like Lido Staked Ether (stETH) and wrapped Bitcoin (WBTC).
The table shows WBETH trading near $3,261.86, with a market cap of $10.65 billion, 24‑hour volume around $3.27 million, and circulating supply of 3.26 million tokens at the time of the update. ^[17]

This reinforces WBETH’s status as one of the largest Ethereum‑based assets, not just a niche staking derivative.

3. ET Markets: “Why Wrapped Beacon ETH price is up by 0.99% today” (30 Nov)

India’s Economic Times (ET Markets) runs a dedicated dashboard for WBETH price in INR. On 30 November 2025 it reported: ^[18]

Live price around ₹293,077, up 0.99% on the day.
1‑week return: +7.28%
1‑month return: –20.47%
Market‑cap rank: #17 among tracked cryptocurrencies.

The coverage places WBETH within a broader narrative of crypto markets recovering from an autumn drawdown, while still reminding readers of the steep monthly slide.

4. Business press and tickers: WBETH tracked like a blue‑chip alt

Financial portals such as Business Insider list WBETH on their currency pages, showing:

A latest quote around $3,280.38, with the day’s high matching that level and a 52‑week range from roughly $1,495 to $5,329. ^[19]

Meanwhile, crypto dashboards like NewHedge and other data sites list WBETH alongside ETH, stETH, and wrapped BTC as a core part of the staking‑heavy DeFi segment, with billions in market cap and millions in daily trading volume. ^[20]

5. Sector backdrop: Liquid staking, ETFs and institutional adoption

While not WBETH‑specific, several late‑November updates in the liquid‑staking sector are important for its long‑term story:

BlackRock registered the iShares Staked Ethereum Trust in Delaware on 19 November 2025, preparing a staked‑ETH ETF product that would pass through on‑chain yields to investors. ^[21]
The SEC has clarified during 2025 that liquid staking activities and staking receipt tokens are not treated as securities under U.S. law when they avoid explicit return guarantees and centralized managerial promises — a ruling that has boosted confidence across liquid staking protocols. ^[22]
Messari data notes that liquid staking total value locked (TVL) hit a record ~$86 billion in 2025, with Lido in the lead and Binance’s ETH staking reaching about 20% market share at one point. ^[23]

All of this contributes to a narrative where ETH staking is becoming more institutionalized, and tokens like WBETH sit at the intersection of centralized exchanges and DeFi yield markets.

Remember October: the wBETH crash and Binance’s response

Even as late‑November headlines are calm, many traders are still thinking about the October 2025 wBETH incident, one of the sharpest de‑peggings in the liquid‑staking space so far.

On October 11–12, 2025, Binance’s wrapped beacon ether (wBETH) — the same underlying token tracked as WBETH elsewhere — briefly collapsed to about $430 on Binance, an 88% discount to the ETH/USDT spot price above $3,800 at the time. ^[24]

According to CoinDesk’s reporting and Binance’s own explanation: ^[25]

Heavy market volatility and a surge in user activity caused Binance’s infrastructure to buckle, preventing market makers and arbitrageurs from efficiently trading wrapped assets like wBETH and BNSOL.
This led to a liquidity vacuum, where wrapped tokens decoupled from their underlying value.
Binance co‑founder Yi He announced that the exchange would review affected accounts case‑by‑case for possible compensation for losses attributable to platform issues (but not normal market moves).
Within 24 hours, Binance shifted to conversion‑ratio pricing for wrapped assets, pegging their valuations to the underlying staking ratio rather than short‑term spot trades, aiming for more stability in future stress events.

There has been no repeat of such an extreme de‑peg in late November, but this episode remains an important risk reminder for anyone treating WBETH as a near‑risk‑free “ETH plus yield” substitute.

Wrapped Beacon ETH price forecasts: what models say

Forecasts for WBETH are inherently speculative, because the token is both:

A leveraged proxy on ETH fundamentals (due to staking yield), and
Exposed to platform‑specific risk linked to Binance and the liquid‑staking ecosystem.

Still, several analytics sites publish rule‑based or algorithmic projections.

Important note: The following are third‑party model outputs, not guarantees. They often extrapolate past price trends and volatility and may change frequently. None of this is investment advice.

Short‑term (early December 2025)

Bitget’s WBETH forecast: Bitget’s technical‑analysis page projects a very shallow upward drift for WBETH, with model prices around $3,290–$3,255 between 1–10 December 2025, based on a daily growth rate of roughly 0.014%. The implied range effectively assumes sideways trading with minimal drift. ^[26]

End‑of‑year 2025 outlook

Different platforms disagree sharply on where WBETH might end 2025:

CoinCheckup (bearish tilt): One model there expects WBETH to drop by ~25% to about $2,440 by 30 December 2025, pointing to a “bearish market outlook” and a fear‑leaning sentiment index. ^[27]
Finst (neutral scenario): Finst’s scenario analysis puts a 2025 “neutral” price target around €3,034 for WBETH, about 7–8% above its recent Euro‑denominated level. ^[28]
Coinbase / INR‑denominated projections: Coinbase’s prediction page, using an assumed 5% change model, estimates WBETH at roughly ₹294,168 for December 2025, only a few percent away from current INR levels. ^[29]
AMBCrypto (range‑based): AMBCrypto’s long‑form forecast suggests a 2025 WBETH price band roughly between $3,530 and $5,295, with an average scenario near $4,412 — notably more optimistic than the spot price at the end of November. ^[30]

These end‑of‑year projections collectively cover a wide range, from sub‑$2,500 bear cases to $4k+ bullish scenarios.

Medium‑term (2026–2030)

Most model‑driven forecasts assume that:

ETH’s long‑term trajectory is upward,
Staking yields remain 2–4% annually, and
Liquid‑staking tokens continue to gain adoption within DeFi.

Under those assumptions:

AMBCrypto sketches a 2026 band between roughly $4,312 and $6,468, and a 2030 range from about $7,630 to $11,445 for WBETH. ^[31]
DigitalCoinPrice and similar services publish even more aggressive numbers, with some scenarios placing WBETH’s early‑2030s average price above $40,000, assuming multiple crypto cycles of compounding gains. ^[32]
Coinbase’s distant‑future INR projections (into the 2035–2050 range) similarly build in gradual, compounding appreciation from today’s levels, though they are highly sensitive to FX assumptions. ^[33]

None of these models can fully account for idiosyncratic risks such as:

Another severe de‑pegging event,
Regulatory shifts targeting centralized staking providers, or
Competitive pressure from more decentralized liquid‑staking tokens.

Core drivers of the WBETH outlook

Whether WBETH tracks the more bullish or bearish end of these ranges will depend on several intertwined factors.

1. Ethereum price and staking dynamics

Because 1 WBETH ≈ staked ETH + accrued rewards, the ETH/USD price path is the single most important input. In 2025, ETH’s average exchange rate versus USD has hovered near $3,070, with a peak around $4,820. ^[34]

On top of ETH’s spot performance:

Higher staking participation (now roughly 28–29% of ETH supply) and stable validator rewards support WBETH’s slowly rising exchange rate versus ETH. ^[35]
But if staking yields compress (as more ETH stakes or L2s eat into fee revenue), the value‑add over plain ETH diminishes.

2. Growth of liquid staking and ETF products

Institutional flows are increasingly important:

BlackRock’s proposed staked ETH ETF, VanEck’s filing for a Lido stETH ETF, and record liquid‑staking TVL near $86 billion all signal rising institutional comfort with staking‑linked assets. ^[36]
If these products become widely adopted, ETH staking yields may be seen as bond‑like “crypto yield curves,” making WBETH more attractive as a capital‑efficient yield vehicle.

Conversely, if regulators tighten their stance or ETFs capture most of the staking demand, DeFi‑native tokens like WBETH could face fee compression or lower growth.

3. Binance‑specific and centralization risk

WBETH’s unique feature — Binance as a one‑stop staking and liquidity provider — is also its biggest risk concentration:

The October wBETH crash highlighted how exchange infrastructure issues can trigger temporary but severe de‑pegs, even when the underlying ETH remains stable. ^[37]
WBETH’s custody and validator set are tied to Binance; any regulatory action, technical outage, or reputational hit to the exchange can spill into WBETH pricing. ^[38]

For many users, the convenience and liquidity outweigh these concerns, but risk‑sensitive institutions may prefer more decentralized LSTs (like stETH, rETH, or LsETH). ^[39]

4. Competition from other liquid‑staking tokens

WBETH operates in a crowded field:

Lido (stETH / wstETH) dominates TVL with around $26–27 billion, offering roughly 3% APR on ETH. ^[40]
Rocket Pool’s rETH emphasizes decentralization and permissionless validators. ^[41]
Liquid Collective’s LsETH, Origin Ether (OETH) upgrades, and Coinbase’s cbETH further diversify the staking‑token landscape. ^[42]

WBETH’s competitive edge lies in:

Deep Binance and PancakeSwap liquidity,
Easy access for exchange users, and
Cross‑chain availability on BNB Chain and Ethereum. ^[43]

Its main drawback is greater centralization, which some investors now discount relative to decentralized alternatives.

Scenario framing (not investment advice)

Putting all these elements together, analysts often frame WBETH’s medium‑term path in scenarios rather than point targets:

Bullish scenario: ETH re‑tests or exceeds its 2025 high near $4,800, liquid‑staking ETFs see strong inflows, staking yields remain around 2.5–3%, and no major exchange incidents recur. In this case, WBETH could plausibly revisit or exceed its all‑time high above $5,300, keeping a small premium over ETH due to accumulated rewards. ^[44]
Base / neutral scenario: ETH continues to range around $2,800–$3,200, liquid staking TVL grows steadily, and WBETH trades in a broad $2,800–$3,800 band, roughly consistent with neutral forecasts like Finst’s ~€3,034 projection. ^[45]
Bearish scenario: Macro conditions worsen, ETH revisits lows closer to $2,000, or a new infrastructure issue undermines trust in centralized staking tokens. Under such stress, WBETH could slide toward or below its recent cycle low near $2,900, with further downside possible in an extreme shock. ^[46]

These are conceptual frameworks, not predictions. Real‑world prices can and do move outside modeled bands, especially in crypto.

What traders and long‑term holders are watching next

For readers following WBETH closely into December and 2026, the key storylines to monitor include:

ETH macro narrative: Upgrades, L2 adoption, and spot/staked ETF flows that drive ETH’s core value.
Staking yields and participation: Changes in staking APRs, total staked ETH share, and staking‑related ETF launches. ^[47]
Binance risk management: Any further updates to risk systems, wrapped‑asset pricing methods, or follow‑up reports on October’s compensation commitments. ^[48]
DeFi integrations: New WBETH pools, lending markets, and cross‑chain deployments — particularly on BNB Chain, Ethereum L2s, and major DEXs like PancakeSwap. ^[49]
Regulation of staking and exchanges: Ongoing SEC and global regulatory guidance, especially if authorities shift stance on centralized liquid‑staking products or large exchanges. ^[50]

Final disclaimer

This article is informational and journalistic in nature. It summarizes publicly available market data and third‑party forecasts as of 28–30 November 2025 and should not be taken as financial, investment, or trading advice. Cryptocurrencies are highly volatile and carry significant risk. Always conduct your own research and consider consulting a licensed financial professional before making investment decisions.

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