According to Martyparty, commentator, trader and cryptocurrency analyst, Binance could disguise its operations with Solana (Sun) to prevent the currency from exceeding the market capitalization of BNB.
In the text, the commentator states: “Binance will use WinterMute to suppress it as Solana does not exceed BNB’s market capitalization.”
Below is a receipt indicating the exchange Transferring the solar cryptocurrency from cold wallet to winter mutea platform that provides algorithm trading and markets over the counter (OTC).
Transactions in the OTC market They do not directly affect the market capitalization of assets This is because it is calculated by multiplying the total number of assets in circulation by the current market price.
In the OTC market, transactions occur outside the open market, and the bargaining prices between the parties (WinterMute Binance and Merchant) are not always reflected in actual market data. Because uppercase letters are based on public prices (such as coin market caps), OTC transactions, which are private, do not change their calculations and do not change the amount of assets in circulation.
In short, sending Solana Coins to WinterMute and subsequent marketing in the OTC market They will “suppress” part of the capitalized sun. In this way, the exchange avoids contributing Solana to surpass BNB in a good deal, but there may be other reasons. Procedures using the OTC market constitute illegal, but can raise concerns about the transparency of exchanges.
As CoinMarketCap data shows, BNB is the fifth cryptocurrency with the world’s largest market capitalization, at 119,000,000,000 at the time of writing. What follows is SOL, approximately 107,000,000,000.
Martyparty’s question: “Where do you get these suns when your booking says there’s no sun away from the customer’s funds?”
The exchange reservation reflects that Binance actually has only 1:1 (100%) of the customer’s reserves. Technically, these reserves cannot move to or resemble fractional reserve systems.
Therefore, the facts indicate that Binance has a “undeclared” sol that could move for the OTC market.
However, as a user named Fronk Da Farmer, I have a cryptocurrency note from my spare test. They need not be equal to all the funds owned by the exchange.
Cold wallets from where Suns move have other purposes, such as generating a company’s market or storing private funds for cryptocurrency arbitration.
