Let’s short and see. I don’t believe the bear market only goes up and never falls.
Post
币圈老腊肉1688-kevin
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$币安人生 Binance’s life path plunges! Is it a net closing or a golden pit?
Binance’s “life path” has been trading in an independent pattern for a while, but now it’s crashing hard. It isn’t the net being closed— the net was cast long ago. What’s happening now is they’re reeling in the rope.
What happened?
Binance Life (BSC) went through a textbook-style trilogy of “pump-dump-crash.”
In the past 24 hours, it’s down more than 40%. Even worse, in the past few days the project team deposited 190 million tokens into exchanges—this isn’t retail selling; the project team is openly cashing out. Some of the tokens even involve “runway trading”—accumulating positions early, pumping, then executing a precise exit while retail investors didn’t even get a drop of soup.
On-chain data confirms the dumping
· In the past few days, a market maker address transferred a total of 110 million tokens to exchanges such as Binance and Gate.io, worth about $8.34 million
· At the same time, a wallet marked as “project team” has been continuously dumping into the market
· On-chain monitoring shows that the “runway trading” addresses had already cleared out their positions before the crash
The main players are dumping, and the followers are shorting right behind the big hands!
Binance’s “life path” has been trading in an independent pattern for a while, but now it’s crashing hard. It isn’t the net being closed— the net was cast long ago. What’s happening now is they’re reeling in the rope.
What happened?
Binance Life (BSC) went through a textbook-style trilogy of “pump-dump-crash.”
In the past 24 hours, it’s down more than 40%. Even worse, in the past few days the project team deposited 190 million tokens into exchanges—this isn’t retail selling; the project team is openly cashing out. Some of the tokens even involve “runway trading”—accumulating positions early, pumping, then executing a precise exit while retail investors didn’t even get a drop of soup.
On-chain data confirms the dumping
· In the past few days, a market maker address transferred a total of 110 million tokens to exchanges such as Binance and Gate.io, worth about $8.34 million
· At the same time, a wallet marked as “project team” has been continuously dumping into the market
· On-chain monitoring shows that the “runway trading” addresses had already cleared out their positions before the crash
The main players are dumping, and the followers are shorting right behind the big hands!