- Analysts have drawn attention to strange activity in the BNB market
- Some of them claim that Binance is “pumping up” the token rate
- And the manipulation is financed by selling BTC from the exchange’s portfolio
- Chanpen Zhao strongly denied these charges, calling them FUD
BnB token rate has fallen significantly amid a suit against Binance and its CEO by the SEC. Only in the last week it lost almost 4%. However, in recent days, the market is in an uptrend, which gave rise to some interesting rumors. Who is spreading them? Market analysts were the first to say that Binance is “sinking” BTC and re-buying BNB.. Here’s a link to Dylan Lecler’s tweet, for example. His profile is closed, so you can’t see the original publication. But there is still access to answers to it, including possible precedent confirmation from Skew analysts.. Yes and the situation in the BNB market looks rather strange:
Changpeng Zhao’s reaction
“It is amazing that they (analysts) can know everything so precisely based only on a market chart involving millions of traders. FUD,” emphasized the company’s CEO.
As he said, Binance has not sold BTC or BNB recently. Moreover, the company still has a portfolio of FTT tokens.
But this is clearly not enough to reassure the audience.. The Exchange has been asked to confirm that the company does not have a loan secured by BNB. This would explain the “pumping” of the token.