Binance Crypto Holdings: BTC & ETH Decline, BNB Surges in October 2024 Report đ
Binanceâs October 2024 Proof of Reserves snapshot reveals major shifts in its crypto holdings:
$BTC holdings dropped 1.58% (-9,577 BTC) đ, now at 596,000 BTC.
ETH reserves fell 1.37% (-61,000 $ETH ) đ, while USDT saw the sharpest decline at 3.16%, losing $698M đž.
Meanwhile, $BNB surged 2.17% (+882,454 BNB) đ„, signaling Binanceâs focus on its native token đ.
These changes suggest Binance is rebalancing in response to market volatility, leaning more into BNB as a key asset in its ecosystem. How this strategy evolves remains to be seen! đ
#bitcoin #ethreum #Xrpđ„đ„