Binance Clarifies Crypto Holdings Amid Market Recovery

Coin WorldSunday, Mar 2, 2025 5:16 am ET

1min read

Binance, the world's largest cryptocurrency exchange, has clarified that rumors suggesting it was dumping some of its crypto holdings, including Ethereum and Solana, are unfounded. The rumors emerged following the Bybit hack and speculated that large crypto firms, including Binance, were aggressively selling and reducing their holdings, causing a market sell-off. Binance has stated that as an exchange, its role is to help users match trades.

The market has since recovered over the weekend, potentially due to Binance's clarification. However, there are still concerns about potential liquidation, especially with the upcoming influx of Solana tokens from the FTX hack. Over 15 million $SOL, worth approximately $2.5 billion, are expected to flood the market. Despite these concerns, expert analysis suggests that the coming week could see more buying pressure, as $BTC takes support on the 200 EMA. The long-term perspective remains bullish, making it an opportune time to invest in promising new presales that are gaining significant investor interest.

One such presale is Solaxy ($SOLX), a Solana altcoin designed to boost the network's appeal. Solana has gained prominence due to its memecoin-friendly infrastructure, with notable memecoins like $TRUMP, $BONK, and $MELANIA. However, the network has faced operational difficulties, including congestion and scalability issues due to the sheer amount of transaction requests. Solaxy ($SOLX) aims to address these issues by processing transactions away from the network's mainnet, reducing the burden on Solana. Additionally, $SOLX will carry out multiple transactions simultaneously, resulting in reduced transaction costs for investors. With real utility and the potential to become the next 100x crypto, $SOLX is an attractive investment opportunity. The presale has already raised over $24.5 million, with each token currently available for just $0.00165.

Another promising presale is BTC Bull Token ($BTCBULL), designed to support Bitcoin's growth and help investors become crypto millionaires themselves. Unlike other memecoins, $BTCBULL will distribute free $BTC among token holders every time Bitcoin reaches a new milestone figure, such as $150K, $200K, and $250K. The airdrops will be automatic, and

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