Binance has frozen LUNA withdrawals and I think there is more freezing to come. Prediction: Binance (and many other top exchanges) will start freezing more top alt coins as they dont have enough to fulfil withdrawals.

LUNA withdrawals have been frozen on binance for 3 days now... I call bullshit on any wallet congestion that they proclaim. They don't actually have enough LUNA to fulfil withdrawal requests. Last i read 75% of all LUNA is being staked and I bet binance is doing the same with the LUNA they have. Unfortunately it takes 21 days to unstake so they probably can't fulfil LUNA withdrawals for 21 days.

The incoming 'ADA wallet maintenance' is another disguise to freeze more ADA because their rate of ADA withdrawal is skyrocketting and they need to put a plug on it so they can buy more ADA which they soon wont have if more people start withdrawing.

I wouldn't be surprised in the coming days they will have 'SOL wallet maintenance' and 'AVAX wallet maintenance'.

For those of you who have not done it yet. If you want your crypto to be yours , its time to move all your crypto off centralised exchanges. I rather be subject to the outrageous slippage and gas fees of UNISWAP on exotic pairs than have the low fees of exchanges and have my crypto frozen.

Submitted August 29, 2021 at 08:57PM by kyngineer https://ift.tt/3Bknp5i https://ift.tt/2Z7cX2s

bitcoinmovementdotblogspotdotcom #bitcoinmovement https://ift.tt/2XzUdXU

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/3gLgABT
via IFTTT