This analysis masterfully deconstructs the illusion of market organicism by exposing the calculated wallet maneuvers used by major exchanges to control supply. It serves as a vital blueprint for understanding how institutional "invisible hands" actually operate behind the scenes.
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$DOG and #Runes Surging On Chain (#Binance Active Transfers)Añadido:
What's up everybody? My name is Vincent.
Welcome to CryptoLution where we talk about everything under the moon in the crypto universe. Today's Wednesday, May 20th. Now, in today's dog video, I want to talk about how Binance linked wallets are basically sending funds over to exchanges to withdraw those funds later back onto onchain wallets. And these onchain wallets, by the way, are the Binance linked wallets I've talked about. But more specifically, they are intermediary wallet number one, number two, and market maker number two as well. Now, I want to share this with you because you need to understand how this linked wallets operate on a day-to-day basis. And today is no different. So, let's cover it. Let's not waste any time. Smash like button, subscribe to the channel, don't forget to join us on X. Please be careful with any of the scammers down in the comments below.
I'll never reach out via WhatsApp, Telegram, direct messaging, or email.
So, please be careful and invest safely, guys and girls. Let's get right into it.
So, as I mentioned, Dog right now is up 3% in the past 24 hours. It's roughly around 73 million market cap. Now, let's go ahead and scroll down to the most important part, which is the trading volume. So, just like yesterday, the trading volume on the major exchanges, Bet, Gate, Mexi, even Kraken, they're all very low for a reason. It's because these Binance leaked wallets are actually doing this on purpose to make people very bored to make sure that you are impatient so that you can maybe send your funds over to these exchanges so that you can sell giving them more monetary power. Before we get into that, make sure if you can make sure to give us a super thanks on YouTube. You click on these three dots, hit the thanks, and donate whatever you want. 2, 5, 10, doesn't really matter. It's up to you.
So, if you could do that, that'd be amazing. Thank you so much. Now, let's go over to where Bitcoin is. Bitcoin is up roughly around close to 1%. So it's $77,000.
Yesterday 76,000. So maybe this is why dog is up. So let's look into the memecoin sector. So yeah, most meme coins are up pretty much just because we're up 1% for Bitcoin. Pudgy Penguin is up 7%, Bonk 3%, Trump 1%, Shibbe Enu 1.6, Dogecoin barely has moved at all.
Faky up 1.7, Dogwiff had 2.7, Farcoin 3.2. Let's go and scroll down to where Dog Bitcoin is. It's up 3.1%.
So, it's at a 306 ranking. Now, I want to take a moment to give a shout out to Veto, aka MTM from Dog of Bitcoin.
They're a nonprofit, but they just filed a patent with the United States of America's trademark office. So, that's a huge success. Now, Dog of Bitcoin is now a nonprofit, and it's also allowing this foundation to grow, not just with its plushies, but what they've done so far is really create an amazing ordinal collection, which is the PFPS that you see in most people's profile pictures, and they've donated funds for dogs with disabilities. This is the thing about Dog is that it's a CZ0ero license, which allows anybody to use the likeness and image of dog in the way that they want to. Now, if you have a moment, make sure to go over to my X page because I filed this OKX petition basically that would allow runes to be listed on their exchange. As I mentioned, we've actually shared with you that OKX already created the runes infrastructure, which if you look at this tab, you can click over here and this is basically where runes are pretty much listed. So, this is OK or OK link, which is created by the OKX team. And as you can see, not only do they have runes, they also have BRC20 tokens, inscriptions, you name it. So, this is basically how OKX team operates.
So, if you can make sure to file that petition, like, repost, comment, and say, "Hey, you know what? We want dog on your exchange so we can buy it." Now, here's what's crazy. Yesterday, we just saw that Runes made up 73.52% of Bitcoin transactions on the Bitcoin network. Now, Runes uses OP return. Now, in terms of the transactions that you're seeing, which is like roughly 3,500, 73% of that could be maybe part of it uncommon goods minting, but also there's a lot of transactions, a lot of trading that's going on with dog on chain. Even look at this slide. This is also runes coming back to levels that we haven't seen since the very beginning when they first launched. It's actually increasing as of just 2 days ago. It keeps growing, right? This is crazy. Like if you don't believe that runes are back, this should be the clear onchain data to prove not only are runes are back, but they're coming in full force like much faster than what we saw back over here. We could see what's going to happen for the next few months, similar to what we saw in the very first few months that runes launched. I do want to bring up that the 10th largest wallet that owns dog, they have roughly $650,000 worth of dog, which is I think around 800 million dog tokens. They just received 706,000 dog tokens yesterday, which is kind of strange. Why did this wallet kind of just come out of nowhere and receive these deposits? Well, it's something you cannot ignore. So, I'm paying attention to it. But Binance ordinal hot wallet is well connected to this. Now, this is a screenshot as of this morning. What have you noticed? If you look at the top inflows and outflows, which is only four in each side, you can see that right now the coincidence is we saw net outflows of dog leaving Gate.io io and bit. Notice that the exact same amount is being transferred over onchain to wallet number five. That is also market maker number five over here and also wallet number eight which is coinex right over here. Now what have you noticed on your screen? These two wallets are also connected to intermediary wallet number one and number two. These are the financial bridges that are connected to the Binance ordinal hotwap. Notice that these two wallets over here had deposits into the exchange in BigGet and also coordinated withdrawal of funds back into Gate.io only to go back on chain to these specific wallets. It's all on purpose. They want to influence the price of dog, which is why you probably saw dog price go down yesterday and go back up today because they want you to feel like, oh, you know, I can't handle the volatility, so I I must leave this coin. I got to go chase something else that's pumping. That's what they want you to do. That's their plan. That's the whole idea of getting your token allocations because they can't do it through the free and fair airdrop. So, what does that actually mean? Someone asked me down below, which was uh minyts.
This person said, "Vincent, I've been wondering when did Binance actually start accumulating dog? Were any of these wallets active in ordinals? Did they get a runstone airdrop then dog from there or did they buy runeststones after the drop and acquire their initial dog through these?" Now, this is a great question, so I'm going to quickly explain it. So, this is most likely the scenario that Binance went through in order to acquire dog. Now, let's talk about number one. Now, Binance possibly held Runstones without even knowing it in their ordinal hot wallet. And that's because users who were trading ordninals when they first came out in like 2023 uh were basically qualified to receive the free and fair airdrop of runstones, right? So, that's anybody who held uh three or more ordinals. so that they would receive that runstone airdrop. And so basically, Binance accidentally held onto those runstones because of these users, right? And these users probably didn't even know it. So basically, when the block 840 was initialized, a small portion of the dog airdrop was sent over to these users who had their funds deposited into their Binance ordinal hot wallet. So that's what's really interesting. So, it's really impossible to know how many custody wallets or users on Binance actually had given their dog tokens accidentally to the ordinal hot wallet. When Binance sees the dog airdrop, they see the value in it, the strategic value of anything. And then they began consolidating both through the airdrops that they received from their users and also started buying over the counter on marketplaces such as Magic Eden, Gate.io, BitGet, Mexi, even Unisab. That's why you see these 15 wallet clusters I've created for you using Claude as well to trace it all back to Binance. But I want to sum everything up. So basically in conclusion from the beginning, Binance was unable to get a large portion of dog due to the well-designed free and fair airdrop which doesn't favor any whales.
Doesn't even favor Binance. So it's interesting because when BRC20 tokens came out, Binance listed BRC20 tokens left and right. But notice that ever since April 2024, ever since Rune's launch, Binance has not listed or even talked about a single Rune token ever.
But this is on purpose because they know that Dog is the number one token that people are going to want to use. So this is why they've been attempting to get a larger share by utilizing some of these wallets over the past 2 years, the 15 wallets I've talked about, to influence the dog price on over-the-counter marketplaces such as the centralized exchanges, even Magic Eden when it was still around. So, you got to admit this is something that you got to give Binance credit for. This is what makes them the number one exchange in the world. It's because they have clever tactics like this. So, that's why they've been waiting this long to get a big portion of dog. Even before Leonitis was calling them out for their corruption, Binance has always been behind all this. This is why I want to bring this up. So, until then, you're going to see a lot of influence of Binance behind Dog Price. It doesn't mean that dog price will go down forever. Remember, there's low trading volume on the exchanges right now because Binance linked wallets aren't doing much right now. And all it takes is for somebody to buy something on Unisat or some over-the-counter marketplace that's not a centralized exchange to just move the price up.
Remember, you only need sub1 $1 million to move the price multi-millions of dollars. I remember just like a week ago, we saw somebody buy roughly $130,000 worth of dog on UNISAP and that pumped the price up quite quickly to the multi-millions. So, you don't really need that much capital. And don't forget, Binance, by the way, could just out of nowhere list the token on their exchange or on Binance Alpha and this token can skyrocket and then you'll start to see other exchanges list dog and then they're going to start selling portions of their dogs through their network of wallets that are considered reserves to then make more profit, right? That's just kind of how the game works and how they're actually operating. So now you know what's going on. As you know, I'm very bullish on Dog because nothing's really changed. If anything, I've actually gotten more bullish saying what's going on onchain behind the scenes with these Binance leaked wallets. The reason I keep talking about Binance because ever since I uncovered this, nothing has been a coincidence. The patterns have been so clear. Every single time we see it in the charting, we report a Binance linked wallet. It capitulates the dog price.
The same thing happened when we expose the network of 15 wallets, then the next day, the capitulation of the dog price.
It's not a coincidence. This is happening because they know that we exploited them. So, they're trying all their power to pretty much get you to sell your bag. And they are not done.
They have so many tricks up their sleeves and they could just pump it, like I said, out of nowhere just because they want to get people to funnel into this token, FOMO in so that the end they can make money cuz in the end it is all about making money. So, I hope that this video has been very helpful. As always, I want you to support the channel and it's very easy. Just make sure to go on to my YouTube page and go ahead and give us a super thanks. But also, I want to give a lot of shout out to the followers on our X account. If you want, you can subscribe to our X for just a dollar.
And also, I want to thank our sponsors, C2 Blockchain, and Trucker Biv. Make sure to smash up that like button, subscribe to the channel. Don't forget to join us on X to receive all of our alpha calls and updates growing Dog and Moon. Till then, see you guys girls next
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