Binance has reportedly sold a significant amount of $SOL in the past four hours through the market maker Wintermute. This movement has sparked speculation within the crypto community, especially as it coincides with the scheduled unlocking of 11.2 million SOL from FTX vesting, set for March 1.
Many suspect that this sell-off is a precautionary move to mitigate potential selling pressure once the tokens are officially released into the market. As of now, Binance has not issued an official statement regarding the reasons behind this sale.
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