Binance Download millions of eth and sun, what could mean?

The data in the chain show that Binance has facilitated the withdrawals for millions of eth and Sun in the last 24 hours of commerce, what could this mean?

According data From Arkham Intelligence, Binance's Holdings has seen an increase in activity on the last day of commerce, specifically with respect to its holdings of ethereum (eth) and Solana (Sun). The largest encryption exchange by daily trade volume has ignited a buzz in the online cryptography trade when users detected a great activity in the hot binance wallet.

According to data in the chain, in the last hours, the hot binance wallet was downloaded at least 103,570 sun, or equal to $ 16,32 million according to current market prices. On the last day, Solana has dropped by almost 8%. Currently, Sol is quoted at $ 157.58, falling below $ 160 for the first time since October 2024.

<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter“>

Many merchants confused Binance hot wallet activities such as the exchange that sells its participations through the Wintermute market manufacturer, when in reality an x analyst said that it was actually the winter muito withdrawing millions of solena from the holdings of binance.

“As far as I understand, this really means that the winter chest is removing sun from the hot hot wallet account, probably after buying it in the orders books,” said Vini Barbosa, ending editor and Alliancedao in his recent <a target="_blank" rel="nofollow" href="https://x.com/vinibarbosabr/status/1893953946953138216″ target=”_blank”>mail.

On the other hand, Binance has also sold around 25,000 eth between 8:00 am and 10:00 am UTC, with the sale price at that time approximately $ 3,200 per eth. This means that the exchange has negotiated $ 80 million of its holdings of ethereum. Tokens swaps mainly addressed symbolic capital partners and winter pad.

Shortly after, ethereum's price fell by 3.5%. At the time of writing, eth has dropped by almost 4% and is quoting in the hands to $ 2,683.

Another account, Martyparty said Binance was “rinse” Trump's files (Trump), claiming that the exchange sold 4.7% of his Trump shares of $ 1 billion.

However, it was later discovered that the exchange had not sold any Trump tokens, but that the value of its holdings collapsed from $ 1 billion to around $ 850 million due to the drop in the price of Trump in more than 7%.

What could mean the “sales of sales” of Binance?

On the one hand, it can mean that these chips have a great demand, since the main manufacturers of markets such as Wintermute are withdrawing or betting hot wallet cards, which means that they are eliminating liquidity or buying sun and eth from books of orders.

On the other hand, the fact that Binance is willing to separate from these assets means that the exchange could rebalance its wallet. This means that Binance is adjusting exposure to certain assets, thus reducing the risks associated with volatile tokens or preparing to reassign their funds to safer assets.

As a result, investors and merchants can interpret the movement as an indication that Binance expects the next turbulence of the market, which could influence the liquidity and negotiation volumes for the aforementioned tokens. This action could help prevent possible price manipulation or acute falls during high pressure periods.

In addition, eliminating millions in the token value of the active commercial environment of Binance can reduce liquidity. This reduction could lead to a broader extension and more pronounced prices changes on the platform, affecting the general feeling of the market and potentially triggering more adjustments among other market participants.