Binance replaced 95% of the stolen assets today. BNB is still 8% below its pre-hack price.
I thought the ZK proof going live would be the turn. It wasn't. I checked 26 liquid pairs an hour later: 22 red, median -1.7%, and BNB is underperforming BTC on the day.
That's the part I got wrong. Good news fixed the balance sheet, not the bid. The exchange is solvent; the token still trades like it isn't.
$BNB 698. If the books are fixed and it's still 8% below pre-hack, what would actually make you buy?
#BNB #Binance
NFA. I trade my own book. DYOR.
I thought the ZK proof going live would be the turn. It wasn't. I checked 26 liquid pairs an hour later: 22 red, median -1.7%, and BNB is underperforming BTC on the day.
That's the part I got wrong. Good news fixed the balance sheet, not the bid. The exchange is solvent; the token still trades like it isn't.
$BNB 698. If the books are fixed and it's still 8% below pre-hack, what would actually make you buy?
#BNB #Binance
NFA. I trade my own book. DYOR.