Did Binance Sell Its Funds? Manipulation or Insider Trading? 🤔🔥
In recent days, speculation has emerged about a possible massive sale of funds by Binance. According to recent data, the exchange would have drastically reduced its reserves of BTC (-94.1%), ETH (-99.9%), SOL (-99%) and USDT (-99.9%), while increasing its USDC reserves by 57.5%. 🚨
However, Binance Customer Support responded to the questions stating that there was no sale of funds, but rather an internal reorganization to optimize the company's treasury. Even so, the community remains suspicious: why such a expressive and sudden movement? 🤨
In addition, when we analyze Binance's own proof of reserves data (image above), we see that the exchange holds almost exclusively the Bitcoins that are part of the proof of reserves. But where are the other assets? If Binance did not sell, where did the money go?
This raises some important questions:
🔹 Are we facing possible market manipulation?
🔹 Or does Binance know something that has not yet reached the market?
The migration to USDC could be a strategy to protect against volatility, to prepare for possible regulations, or even to anticipate a major macroeconomic event. Either way, when the world's largest exchange makes a move of this magnitude, the market should pay attention. 👀
What do you think? Leave your opinion in the comments! 💬🔥