YEREVAN (CoinChapter.com) — A recent analysis sparked controversy over Binance’s reported liquidation of billions in Bitcoin (BTC) and Ethereum (ETH) while accumulating Binance Coin (BNB). According to data circulating on social media, Binance allegedly sold 94% of its BTC holdings, 99.9% of its ETH, and 99% of its Solana (SOL) reserves in January. The figures suggest a shift of over $43.3 billion in BTC and $89.16 million in SOL, raising concerns over Binance’s financial strategies.
Binance Reserves Drop. Source: @_FORABBinance, however, refuted these claims. The exchange’s X account clarified that the changes stem from internal treasury management, not an asset sell-off. Binance insists that these funds were not customer assets but part of an accounting reallocation.
Binance Denies Asset Sell-Off. Source: @BinanceHelpDeskBNB Price Increases as MyShell IDO Launches
Binance Coin (BNB) surged past $710, briefly hitting $720, before settling around $705.80, as shown in the latest BNB/USDT trading chart. The increase came after the launch of the MyShell Initial DEX Offering (IDO) on Binance Wallet. The IDO allowed users to subscribe using BNB, with a cap of three BNB per user.
Trading activity spiked, with BNB’s 24-hour movement showing strong buying pressure. The chart reflects a sharp price increase followed by some corrections. Speculation continues about whether Binance’s treasury shifts and MyShell’s IDO contributed to the rally, aligning with broader movements in the BNB ecosystem.
The BNB Chain ecosystem saw multiple projects gain value. PancakeSwap (CAKE) increased by 44%, while CaptainBNB rose by 80%. Other tokens, including BNX, recorded a 29% increase.
BNB Surges Amid MyShell IDO. Source: @followin_ioBNB Chain Activity Grows as CZ Hints at More Developments
Former Binance CEO Changpeng Zhao (CZ) recently engaged with the crypto community on social media, discussing the idea of a meme coin inspired by his Belgian Malinois dog. In a series of posts, CZ speculated about the process of launching such tokens and whether they should be considered official. He jokingly debated whether to reveal his dog’s name and picture, noting both the potential market impact and concerns over his pet’s privacy.
CZ Teases Meme Coin Idea. Source: @cz_binanceHis remarks triggered a wave of dog-themed meme tokens, with new assets quickly appearing on platforms like Pump.fun and Four.meme. Following CZ’s comments, top dog-related meme coins surged in price.
Meme Coins Inspired by CZ’s Dog. Source: Pump.funThe discussion also fueled speculation that Binance could be strategically promoting BNB-related projects by engaging the community in meme-driven narratives.
CZ’s Dog Meme Hype on BNB. Source: @spump27With BNB trading volume increasing and Binance’s asset management under focus, market participants continue to analyze whether these movements signal broader strategic changes. Binance has stated that its treasury strategy is ongoing and not tied to customer asset risks.
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