Against the backdrop of a lawsuit against Binance and its CEO from the SEC, the price of the BNB token has fallen significantly. In the last week alone, it has lost almost 4%. However, in recent days, an uptrend has been established on the market, which has given rise to quite interesting rumors.
Who distributes them?
Market analysts were the first to talk about Binance “draining” BTC and buying up BNB. For example, link to a tweet by Dylan Leclerc. His profile is closed, so you won’t be able to see the original post. But there is still access to the answers to it, including with a possible confirmation of the precedent from Skew analysts.
This information was also disseminated by some media. And the situation on the BNB market looks rather strange:
Changpeng Zhao’s reaction
4. Binance have not sold BTC or BNB. We even still have a bag of FTT.
It is amazing they can know exactly who sold based on just a price chart involving millions of traders. FUD. 🤷♂️ pic.twitter.com/M3MUH2bFRE
— CZ 🔶 Binance (@cz_binance) June 13, 2023
According to him, Binance has not sold either BTC or BNB recently. Moreover, the company still has a portfolio of FTT tokens.
However, this is clearly not enough to reassure the audience. The exchange was urged to provide confirmation that the company does not have a loan secured by BNB. This would explain the “pumping” of the token.
Source: Cryptocurrency
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