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August 26, 2025Coin Edition logoCoin Edition

Why did crypto crash? On-chain data linking Binance and Wintermute surfaces

On-chain data shows Binance sent millions of dollars to Wintermute in BTC, ETH, and SOL. Short-term holders have been selling amid a notable decline in demand from whale ￰0￱ exchange has been accused of defrauding its retail customers in favor of market makers. On-chain data has surfaced showing large, strategic asset transfers between Binance and leading market maker Wintermute, preceding a sharp market ￰1￱ data, highlighted by crypto analyst MartyParty, pointed to collusion between the two ￰2￱ Does On-Chain Data Show About Binance and Wintermute? Over the past 24 hours, Binance’s hot wallet was observed depositing significant amounts of Solana (SOL), Bitcoin (BTC), and Ethereum (ETH) to Wintermute-controlled wallets across multiple exchanges, including Kraken, Gate.

io, and ￰3￱ analyst who surfaced the data noted, “I guarantee every asset Binance has on their global casinos are being manipulated using the same rail.” Market Maker Update: Here is your only ￰4￱ believe me, correlate this to the charts of $BTC $ETH and $SOL . I guarentee every asset Binance has on their global casinos are being …

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