On-chain records show Binance processed substantial ETH and SOL transfers during the last day which investors link to future market movement.
Arkham Intelligence reports that recent high volumes of transactions from Binance involve its major cryptocurrency assets ETH and SOL. Traders and experts examine new transaction data from the exchange since Binance moves funds from its hot wallet.
During the last few hours Binance transferred 103570 SOL tokens worth an estimated $16.32 million at current market rates. The price decline of 8% pushed Solana down to $157.58 for the first time since October of last year.
https://twitter.com/solidintel_x/status/1893961085302063270
Binance Alters Crypto Portfolio
Market experts first thought Binance sold SOL by working through the company Wintermute but later found this theory incorrect. Wintermute moved Stellar Lumens from Binance reserves to order book markets but not for selling as Vini Barbosa explained.
Data indicates Binance conducted 25 thousand ETH trades, $3,200 per token to gather $80 million. Both transfers linked to Symbolic Capital Partners and Wintermute. Right after this Ethereum lost 3.5% value in the market. ETH lost 4% value as it traded at $2,683 during this analysis.
Binance sold 4.7% of its TRUMP tokens from its holdings which were initially worth $1 billion. Further research proved that the Exchange had not really sold any TRUMP tokens from its holdings. Because of the token’s 7% price decrease the worth of its investments dropped to $850 million.
Major market makers including Wintermute unload assets or buy them at Binance directly from its trading books due to robust product demand. The Exchange may make strategic investment choices to balance its risk portfolio and improve investment stability.
As far as I understand it, this actually means that Wintermute is withdrawing $SOL from the Binance Hot Wallet account, likely after purchasing it from the order books, or unstaking it from Binance staking service; and not that Binance itself is selling the Solana tokens.
— Vini Barbosa (@vinibarbosabr) February 24, 2025
Binance Activity Draws Scrutiny
Investors pay close attention to Binance’s transactions because its trading actions predict market volatility. The pulling out of millions worth of tokens from trading platforms creates supply-and-demand problems that increase spreads and changes cryptocurrency market sentiment.
The Exchange may be taking these steps ahead of future market changes as a proactive strategy. The firm undertakes these actions to decrease its presence in high-risk assets because of changing laws and economic conditions that affect the cryptocurrency market.
When Binance releases substantial assets it affects other professional investors and trading programs that react by making adjustments to their trading activities and market liquidity operations. People will react to Binance’s steps through key market changes that reflect their perspectives on both strategic transformation versus possible market trouble.
Market observers will track how the Exchange and senior market participants react to evaluate long-term effects on trading values and crypto market attitudes from future developments. Binance on-chain activity earns extra attention because it runs the world’s largest crypto marketplace for financial money flows.
