Binance被指控傾倒其Solana（Sol）和以太坊（ETH）持有，將價格發送到Tailspin

在加密貨幣的動盪世界中，謠言和猜測很普遍，但是最近針對Binance（通過交易量）進行了反對的指控，

Rumors and speculation can run rampant in the volatile world of cryptocurrency. Recently, swirling claims against Binance, the largest crypto exchange by trading volume, have set off a firestorm. Are they secretly dumping their Solana (SOL) and Ethereum (ETH) holdings, causing the market to go wild? Here’s a look at what’s going on and why it matters.

在加密貨幣的動盪世界中，謠言和猜測可能猖ramp。最近，通過交易量最大的加密交易所Binance的旋轉索賠已經引發了大火。他們是在秘密地傾倒自己的索拉納（Sol）和以太坊（ETH）持有，從而導致市場狂野？這是看正在發生的事情以及為什麼重要的事情。

The Claims Surface During a Market Downturn

在市場經濟低迷時期的索賠表面

As Bitcoin’s price hovers at levels last seen in November 2024, deepening investor fears, the recent market downturn, worsened by the $1.4 billion Bybit hack, has set the stage perfectly for speculation.

隨著比特幣的價格徘徊在2024年11月最後一次出現的水平上，加深的投資者擔心，最近的市場經濟下跌，造成了14億美元的bybit Hack惡化，為猜測奠定了基礎。

Rumors that major crypto players, such as Binance, are driving the crash by quietly dumping their tokens via over-the-counter (OTC) trades have been circulating widely on social media.

有傳言稱，諸如二強等主要的加密玩家正在通過非處方（OTC）交易悄悄地拋棄其令牌，從而在社交媒體上廣泛流傳。

Binance to the Rescue: ‘We’re Just Matching Trades’

救援的義務：“我們只是在與交易相匹配”

These allegations have been met with staunch denials from Binance.

這些指控已被造成的堅定否認。

“Binance hasn’t ‘dumped’ or ‘sold’ large amounts of tokens as some tweets have wrongly claimed. They are misunderstanding what Binance does as an exchange, which is we just help users match trades,” an exchange representative told users.

“ Binance尚未'丟棄'或'出售'大量令牌，因為一些推文錯誤地聲稱。他們誤解了Binance作為交流的作用，這就是我們只是幫助用戶匹配交易，”一位交換代表告訴用戶。

Simply put, this statement distills Binance’s role into that of a neutral intermediary — a marketplace which brings buyers and sellers together, not a market participant putting its finger on the scale. The exchange asserts that it does not influence users’ trading decisions, including those of market makers.

簡而言之，這一說法將Binance的角色提煉為中性中和中間的角色，這是一個將買賣雙方聚集在一起的市場，而不是市場參與者將其手指放在範圍內。交易所斷言，它不會影響用戶的交易決策，包括做市商的交易決策。

More News: Binance Review 2025: Is It Legit? What Are Binance Pros and Cons?

更多新聞：Binance評論2025：合法嗎？什麼是Binance Pros和Cons？

The Wintermute Factor: Dissecting A Market Maker’s Moves

Wintermute因素：剖析做市商的舉動

A bulk of the speculation is centering around the activity of Wintermute, a major crypto market maker. According to data obtained by Arkham Intelligence, more than $38.2 million worth of Solana was withdrawn from Binance hot wallets in the 24 hours leading up to February 24.

大部分猜測是圍繞著主要加密推銷商Wintermute的活動。根據阿卡姆情報公司（Arkham Intelligence）獲得的數據，截至2月24日，在24小時內從Binance Hot Wallets撤回了價值超過3820萬美元的Solana。

Wintermute withdrew from Binance hot wallet. Source: Arkham Intelligence

Wintermute撤回了Binance Hot Wallet。資料來源：Arkham Intelligence

UPDATE 📊🚨 BREAKING: Wintermute withdraws $38M in $SOL from Binance ahead of Solana’s $2B token unlock! 🚨

更新📊🚨破裂：Wintermute在Solana的2B代幣Unlock之前從Binance中提取了3800萬美元的$ SOL！ 🚨

Market makers making moves! Is this a signal for something BIG? Accumulation or pre-dump liquidity management?

做市商採取行動！這是大事的信號嗎？積累還是前流動性管理？

What’s your take on this? Drop your thoughts below! 🔥👇

您對此有何看法？在下面放下您的想法！ 🔥👇

— NFTPROVERSE (@NFTPROVERSE) February 25, 2025

- nftproverse（@nftproverse）2025年2月25日

What are Market Makers?

什麼是做市商？

Market makers like Wintermute are crucial to the crypto ecosystem, ensuring liquidity by continuously quoting bid and ask prices. This activity leads to large token movements between exchanges and wallets as they adjust their inventory.

像Wintermute這樣的做市商對加密生態系統至關重要，通過不斷引用出價和詢問價格來確保流動性。在調整庫存時，這項活動會導致交換和錢包之間的大量令牌運動。

Solana Unlock: Potential Market Consequences and Speculation

索拉納解鎖：潛在的市場後果和猜測

Complicating matters further, these withdrawals come just days ahead of Solana’s highly anticipated $2 billion token unlock, set for March 1. This will introduce over 11.2 million SOL tokens into circulation, potentially adding selling pressure to the market.

使事情進一步複雜化，這些提款距離索拉納（Solana）備受期待的20億美元令牌解鎖（將於3月1日）提前幾天。這將使超過1,120萬的Sol代幣引入流通，並有可能向市場增加銷售壓力。

Some speculate that Wintermute timed its withdrawals strategically to capitalize on the unlock, perhaps by shorting the market.

一些人推測，溫特穆特（Wintermute）在戰略上定時提取了撤回，以利用解鎖，也許是通過縮短市場。

Solana Unlocked: A High-Stakes Gamble?

Solana解鎖：高風險賭博？

Crypto analyst Artchick.eth stated that over the next three months, 15m+ of SOL (worth ~$2.5b) will enter circulation. Many of these tokens were purchased at $64 per SOL in FTX’s auctions by firms such as Galaxy Digital, Pantera Capital and even Figure.

加密分析師Artchick.eth表示，在接下來的三個月中，15m+的SOL（價值約$ 2.5B）將進入流通。這些代幣中的許多代幣都是由Galaxy Digital，Pantera Capital甚至數字等公司在FTX的拍賣中以每台SOL的64美元購買。

$7.5B of SOL unlocks over the next three months, this is the largest unlock in history by far

$ 7.5B的SOL在接下來的三個月內解鎖，這是迄今為止歷史上最大的解鎖

The majority of this SOL was purchased from FTX auctions at $64 by Galaxy, still a very healthy profit

該溶膠的大部分是從FTX拍賣中以64美元的價格購買的，但仍然是一個非常健康的利潤

“But they are OTCing”

“但是他們正在努力”

Yeah what do you think the OTC buyers are gonna do with it – they are gonna use it to short the entire market of course

是的，您認為OTC買家會做什麼 - 他們會用它來簡短整個市場

— artchick.eth/acc 🔥👠 (@digitalartchick) February 16, 2025

- artchick.eth/acc🔥👠（@DigitalArtchick）2025年2月16日

These words were also echoed by crypto trader RunnerXBT, who called it a “dangerous” time to be buying Solana. RunnerXBT noted the anticipated profits for Galaxy Digital, Pantera and Figure, which are scheduled to unlock $3 billion, $1 billion and $150 million worth of SOL, respectively, if the market appreciates. This impending profit-taking could exert considerable pressure on the SOL price.

這些話也受到了加密貨幣交易者RunnerXBT的回應，後者稱這是購買Solana的“危險”時間。 RunnerXBT指出了Galaxy Digital，Pantera和Figure的預期利潤，這些利潤分別將解鎖30億美元，10億美元和價值1.5億美元的SOL，如果市場欣賞。這種即將來臨的盈利可能會對溶膠價格施加巨大壓力。

The Double-Edged Sword of Blockchain Transparency

區塊鏈透明度的雙刃劍

At all cryptocurrency exchanges, protecting user transaction data is part of regulatory compliance, and while the transparency of blockchain is one of the greatest benefits of cryptocurrencies, it’s important to interpret transaction data with caution, as Binance emphasized.

在所有加密貨幣交換中，保護用戶交易數據是監管合規性的一部分，儘管區塊鏈的透明度是加密貨幣的最大好處之一，但謹慎解釋交易數據很重要，正如Binance強調的那樣。

“While blockchain transparency is one of the best things about crypto, it’s important not to jump to conclusions about screenshots of transactions,” the spokesperson said. Finally, Binance urges users to familiarize themselves with the roles of exchanges and market makers before jumping to conclusions.

發言人說：“儘管區塊鏈透明度是加密貨幣的最好的事情之一，但重要的是不要得出有關交易屏幕截圖的結論。”最後，Binance敦促用戶在得出結論之前熟悉交流和做市商的角色。

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