Big news in the world of cryptocurrency! Binance, a giant in crypto trading, moved a lot of its Ethereum (ETH) and Solana (SOL) recently. This caused some price changes and got people talking.
- Binance moved millions of dollars worth of ETH and SOL.
- Some people thought Binance was selling, but it was actually a market maker, Wintermute, taking some out.
- The price of both ETH and SOL went down a bit after the moves.
| Cryptocurrency | Amount Moved (approx.) | Price Change (%) |
|---|---|---|
| Ethereum (ETH) | $80 million | -4% |
| Solana (SOL) | $16.32 million | -8% |
Experts aren't completely sure why this happened, but it might mean Binance is changing its investments to be safer. It could also just be normal trading activity.
