Crypto Market Crash: Community Blames Binance, Wintermute, and Trump
The crypto community attributes the largest-ever crypto market crash to Binance, Wintermute, and Donald Trump, resulting in a $500 billion loss in total market cap and $20 billion in liquidations.
During the crash, Bitcoin and Ethereum plummeted to $10,458 and $746 respectively, according to lower timeframe charts.
- Binance crypto exchange
- Wintermute market maker
- US President Donald Trump
Wintermute, a Binance-linked market maker, faced allegations of market manipulation after depositing over $700 million into Binance's hot wallet before the crash.
Crypto traders previously accused Binance of causing a market crash by sending large amounts of Solana, Ethereum, and Bitcoin to Wintermute in September.
Author's summary: Crypto community blames Binance and others for market crash.
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