Everyone’s talking about how Binance weathered the $6 billion hit, but what I’m more interested in is how they made up the shortfall.
Binance used its own funds to buy crypto, then credited it back to users’ accounts. BTC, ETH, SOL, XRP—they were all on the list. When the hack happened, everyone was afraid the hackers would dump their coins, but the opposite happened: the market gained a buyer with tens of billions of dollars to spend.
This also explains why SOL fell only as low as 93.8 despite such a major incident. For the past two days, it’s been stuck grinding between 95 and 96, with no one pushing it lower.
The remaining 10% consists of obscure coins with low liquidity, so they can only be bought gradually. Those smaller coins might even get some support from buying pressure later on.
SOL is at 95.5 USDT now. I’m leaning bullish. If it retests around 95 and holds, you could consider getting in; if it climbs back above 100, then watch for 103.#币安已覆盖60亿美元被盗损失 $SOL
Binance used its own funds to buy crypto, then credited it back to users’ accounts. BTC, ETH, SOL, XRP—they were all on the list. When the hack happened, everyone was afraid the hackers would dump their coins, but the opposite happened: the market gained a buyer with tens of billions of dollars to spend.
This also explains why SOL fell only as low as 93.8 despite such a major incident. For the past two days, it’s been stuck grinding between 95 and 96, with no one pushing it lower.
The remaining 10% consists of obscure coins with low liquidity, so they can only be bought gradually. Those smaller coins might even get some support from buying pressure later on.
SOL is at 95.5 USDT now. I’m leaning bullish. If it retests around 95 and holds, you could consider getting in; if it climbs back above 100, then watch for 103.#币安已覆盖60亿美元被盗损失 $SOL
