Big news about Binance, a giant cryptocurrency exchange! Some people thought Binance secretly sold lots of Solana (SOL) and Ethereum (ETH), making prices drop. But Binance says that's not true.
- Binance sent some SOL and ETH to Wintermute, a company that helps keep cryptocurrency trading smooth.
- Binance says it just helps people buy and sell; it doesn't control prices.
- Some people worried this caused the crypto market to crash, but there's no proof.
| Fact | Number |
|---|---|
| SOL sent to Wintermute | 103,570 ($16.32 million) |
| ETH sent to Wintermute | 25,000 ($80 million) |
| Bitcoin price drop below | $90,000 |
| Liquidations (losses) | >$1 billion |
Think of Wintermute as a helpful storekeeper who makes sure there are enough toys (cryptocurrencies) for everyone to buy and sell easily. Binance says it didn't dump its toys, just gave some to the storekeeper to help everyone out. The crypto market is very complicated, and sometimes it's hard to know exactly what's happening!
