A Binance spokesperson denied rumors of "Binance selling off tokens like SOL."

ChainCatcher news, according to Cointelegraph, in response to the widely circulated statement that "some of the largest cryptocurrency companies, including Binance, are selling their token holdings in over-the-counter (OTC) transactions, leading to a market crash," a Binance spokesperson denied the claim.

Regarding the large SOL token transfer by Wintermute, the Binance spokesperson stated that similar market makers operate based on their own strategies. "We cannot understand users' decisions, including those of market makers transferring assets based on their own strategies. Therefore, while blockchain transparency is one of the greatest advantages of cryptocurrency, it is important not to jump to conclusions based on transaction screenshots."