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Justin Sun is selling off ETH on Binance to prop up BNB.

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by COINS NEWS 93 Views

Also no one wants to here this, but Binance is going down as we speak.

Justin Sun depositing so far 43k Ethereum into Binance yesterday means they need that collateral.

Yesterday's "conspiracy theory" is observable in today's charts and volume. Volume in both BNB and ETH way up. ETH way down. BNB more or less stable, but hanging on a thread.

Sun and CZ are closely tied (up). This is not a buddy helping his friend in dear need, but a rescue mission impossible for both of them. We've seen that Binance sold off their XMR to pump BNB in late 2020 and 2021. And BCH in 2022. We've seen rumors that Binance sold off some BTC to keep BNB afloat recently but all eyes are on those pairs now. And now it seems to be Justin Sun depositing some real coins (not just imaginary coins on Binance's books) that help CZ to keep BNB alive for a little longer.

If this is news to you, you may be reminded that this is just how CEX empires go down. It's always the same sequence before shit hits the fan. If you didn't get out by now and think you are smarter than the so called "FUDsters" by sock puppets, bots and astroturfers you deserve to lose it all.

Binance also plays an important role for the CartelTM (including OKX, HTX, Poloniex,...) as it is the last man standing and without the central role of Binace all other exchanges will start failing, too.

Justin doesn't just help out CZ. He tries to save his own ass, as he would get nullified without Binance help anyways. There is a small chance that CZ and JS turn around the boat, but it is low probability. Someone bigger would need to jump in to save their asses. But they have been running out of friends lately.

submitted by /u/gr8ful4
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