The post Is the Crypto Giant Dumping Solana and Ethereum? – CryptoNinjas appeared on BitcoinEthereumNews.com.

Key Takeaways: They have denied that they are selling tokens at scale, calling themselves a trading facilitator. They point to market maker Wintermute’s movements of crypto-assets before Solana’s large token unlock. Speculation rises amid market volatility, with concerns about potential selling pressure. Rumors and speculation are common in the volatile world of cryptocurrency, but recent allegations against Binance, the largest crypto exchange by trading volume, have set off a firestorm. Are they secretly dumping their Solana (SOL) and Ethereum (ETH) holdings, causing the market to go wild? Here’s a look at what’s going on and why it matters. The Claims Surface During a Market Downturn The recent market downturn, worsened by the $1.4 billion Bybit hack, has driven Bitcoin’s price to levels not seen since November 2024, exacerbating investor fears. Such a drop made for a perfect breeding ground for speculation. Based on posts shared on social media, the rumor spread like wildfire that major crypto players, such as Binance, were driving the crash by quietly dumping their tokens via over-the-counter (OTC) trades. Binance to the Rescue: “We’re Just Matching Trades” These allegations have been vehemently refuted by Binance. “Binance hasn’t ‘dumped’ or ‘sold’ large amounts of tokens as some tweets have wrongly claimed. They are misunderstanding what Binance does as an exchange, which is we simply help users match trades,” an exchange representative told Cointelegraph. They are misunderstanding what Binance does as an exchange, which is we just help users match trades. Simply put, this statement distills Binance’s role into that of a neutral intermediary — a marketplace which brings buyers and sellers together, not a market participant putting its finger on the scale. The exchange asserts that it does not influence users’ trading decisions, including those of market makers. More News: Binance Review 2025: Is It Legit? What Are Binance Pros and Cons? The Wintermute Factor: Dissecting A…

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Filed under: News - @ March 1, 2025 2:16 am