“Binance hasn’t ‘dumped’ or ‘sold’ large amounts of tokens as some tweets have wrongly claimed,” a Binance spokesperson told Cointelegraph.
Binance, the world’s largest cryptocurrency exchange, denied speculation that it has been selling off some holdings, despite widespread social media claims amid the latest market downturn.
The crypto market experienced a significant correction after the $1.4 billion Bybit hack, which saw Bitcoin’s (BTC) price sink to a low of $78,197, last seen on Nov. 10, 2024, Cointelegraph Markets Pro data shows.
BTC/USD, 1-year chart. Source: Cointelegraph
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