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Binance customer support has clarified that the exchange does not sell or "dump" large amounts of tokens. Instead, it facilitates trades between users without controlling or influencing their trading decisions. This announcement was made on X on February 26.
The statement was issued in response to allegations circulating on social media, which accused Binance of selling large quantities of tokens and raised concerns about the exchange's influence on market fluctuations. However, Binance refuted these claims, explaining that as an exchange, it does not execute trades for itself and does not control how users, including market makers, manage their assets.
According to Binance, market makers are independent entities that provide liquidity by placing both buy and sell orders on exchanges. They facilitate smoother transactions for traders and operate based on their own strategies without being controlled by the exchanges they use. Binance collaborates with these market makers to ensure a fair and liquid trading environment but does not direct their trading activities.
