A debate has sparked in the crypto community following claims by analyst Ted asserting that Binance may be manipulating Ethereum's price.
Ted's Manipulation Allegations
Crypto analyst Ted posted on platform X claiming that Binance is manipulating the price of Ethereum and the entire altcoin market by transferring millions of ETH to multiple internal market maker accounts.
ETH Ratio on Binance
According to Binance's reserves dashboard, Ethereum currently shows a 100.67% ratio, indicating the exchange holds slightly more ETH than it owes to customers.
Market Maker Theory
Ted suggests that Binance is offloading ETH through internal market maker accounts using customer funds, raising trust issues in the process if true.
Ted's allegations prompt serious discussions on trust and transparency regarding Binance's actions in light of the ongoing scrutiny in the crypto market.