Nothing is going well for Solana. While the crypto is about to collect a massive unlocking of tokens from the FTX succession, suspicions are multiplying around a possible market manipulation by Binance. The Crypto Exchange is accused of having orchestrated a strategic purge of the soil, sowing panic among investors. A simple collective paranoia or a real plot? While the BTC tank, the future of this Altcoin is suspended from the movements of the whales of the sector.
Binance at the heart of accusations: purge or misunderstanding?
Binance is already pointed out in its history of history of massive liquidations of Ethereum. But as for rumors of massive sales of Solana and other tokens, it demented. According to a spokesperson for the platform, it is neither a massive sale nor an orchestrated “dump”: ” We only helped users to match their orders. »»
However, rumor swells on social networks: The Crypto Exchange would have favored the liquidation of millions of soil in all discretion.
Some interesting figures:
- Wintermute withdrew $ 38.2 million in 24 hours;
- 11.2 million soil (2.4 % of the supply in circulation) will be released on March 1;
- FTX still has millions of soil to resell.
Facing these suspicious movementssome analysts, such as Martyparty, advocate prudence:
“” You are shaken by Binance. Accumulate on their dips, avoid the lever effect, otherwise they will purge you. »»
The accusation is serious. Does Binance play the Pyromanian firefighter ? Should investors expect a crash or a simple jolt?
An uncertain future for Crypto Sol
If Binance rejects the accusations, the crypto soil remains under pressure. THE Unlocking FTX tokens could cause an influx of $ 2 billion on the market. Xbtresearch warns:
“” History has taught us that these events often generate volatility. »»
Indeed, the altcoin market is notoriously capricious and Solana, despite its robust ecosystem, risks suffering a strong correction.
The other concern concerns the Investment fund strategy. Galaxy Digital, Pantera Capital and Figure, which have acquired soil at 64 dollars, are found today with latent profits of several billion.
Will they sell en masse and accelerate the fall in prices? Or will they choose a recovery to maximize their earnings?
Investors must therefore closely monitor exchange volumes and the attitude of large carriers. A brutal fall in the soil price would impact the entire Crypto market, while Bitcoin is already fighting to maintain itself. Who benefits from this uncertainty?
This accusation against Binance is not a first. The Exchange had already been pointed out in August 2023 for its presumed participation in the fall of the USDT. A coincidence? Maybe. But one thing is certain: in the world of digital active ingredients, it is better to have solid leather and steel nerves.
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