Social media that rebutted Binance claims it offloads its holdings of Ethereum (ETH) and Solana (SOL).

On February 26, Binance’s buyer assist staff labored on X (previously Twitter) hypothesis and stated the trade was not engaged in huge token gross sales.

The corporate has revealed that it has no management over the transaction choices of customers, together with market makers, and can solely function a market that promotes transactions.

The trade defined that whereas some market individuals transfer belongings as a part of their buying and selling technique, Binance isn’t engaged in dumping tokens.

Binance stated:

“Binance isn’t “dumping” or “promoting” giant portions of tokens as a result of some tweets are misunderstood. As an trade, we solely assist customers to match the transaction, and there’s no visibility into person choices, similar to market makers who might transfer belongings in accordance with their technique. ”

With this in thoughts, Binance suggested customers to attract conclusions primarily based on transaction screenshots. It highlighted the significance of recognizing buying and selling methods that could possibly be misunderstood as market manipulation.

Conclusion:

“Blockchain transparency is among the finest issues about crypto, but it surely’s necessary to not leap to conclusions about transaction screenshots. Be taught to acknowledge FUD and what market makers are doing locally We encourage you to study extra about it.”

rumor

Over the previous few days, crypto influencers with giant following, together with Marty Get together and Jacob King, have argued that Vinanence is dumping Solana and Ethereum for a wide range of causes.

In the course of the interval, blockchain knowledge From Arkham Intelligence, the corporate has introduced that it has made important transactions of over 100,000 SOL ($1,632 million) and 25,000 ETH ($80 million) towards WinterMute.

Which means that accusations that the trade could possibly be concerned in value manipulation and gross sales of belongings could possibly be bought to cowl a $4.3 billion settlement with the US Division of Justice (DOJ). There was.

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