Tag: BNB

A recent tweet by a crypto analyst has stirred controversy within the bitcoin community, accusing Binance, the world’s largest cryptocurrency exchange, of being a key contributor to the recent downturn in bitcoin’s value. The tweet suggests that Binance has sold over $5 billion worth of bitcoin since the start of the year, ostensibly to cover a substantial fine imposed by US authorities. The tweet, supported by a chart detailing bitcoin’s price and daily net outflows from Binance, Grayscale Bitcoin Trust (GBTC), and the US market, has sparked a lively debate.

Binance is playing with fire, and BNB is the fuel! Over 2 million tokens, worth a cool $636 million, just turned to ash in the latest quarterly burn. But is this crypto arson or smart financial strategy? Let’s unravel the smoke and mirrors.