On-chain data shows Binance sent millions of dollars to Wintermute in BTC, ETH, and SOL. Short-term holders have been selling amid a notable decline in demand from whale investors. Binance exchange has been accused of defrauding its retail customers in favor of market makers. On-chain data has surfaced showing large, strategic asset transfers between Binance and leading market maker Wintermute, preceding a sharp market downturn. The data, highlighted by crypto analyst MartyParty, pointed to collusion between the two giants. What Does On-Chain Data Show About Binance and Wintermute? Over the past 24 hours, Binance’s hot wallet was observed depositing significant amounts of Solana (SOL), Bitcoin (BTC), and Ethereum (ETH) to Wintermute-controlled wallets across multiple exchanges, including Kraken, Gate.io, and KuCoin. The analyst who surfaced the data noted, “I guarantee every asset Binance has on their global casinos are being manipulated using the same rail.” Market Maker Update: Here is your only seller. Dont believe me, correlate this to the charts of $BTC $ETH and $SOL . I guarentee every asset Binance has on their global casinos are being … The post Why did crypto crash? On-chain data linking Binance and Wintermute surfaces appeared first on Coin Edition .
