@MidCrvCapital Yes that’s what I mean. If you can mine 1 ORE at that cost, then people can just mine and sell. That means the price will eventually go down because everyone will be mining at the same cheap cost and selling right ?
Market Maker Activity Update Jan 28th
Binance sending $SOL to Wintermute all day to suppress price.
This is information you need to know. Nobody is selling this digital assets except Binance using Market Maker WIntermute on Binance Exchange which price is dominant and replicates across all of the CEX and DEX networks.
Why? We dont know exactly. Possible reasons:
- To try and liquidate late high leverage traders entered lower between 220-235?
- To suppress $SOL to defend $BNB or $ETH?
- To stumulate retail spot buying?
We have no idea. But there is 26,374,478 $SOL held by customers on Binance that asset value is being manupulated by Binance. If that is you - move your $SOL off the exchange to self custody or Solana Community validators like @heliuslabs and @solstrategies to eliminate their manipulation.