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Again? Haha

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According to mempool.space dev, Binance consolidating UTXOs it seems:

view on twitter.com

Probable cause, says same mempool dev: https://www.binance.com/en/support/announcement/c8d82e9c6c694be8b8d2cd88227ae1ea

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probably an exchange seeing many inflows due to the recent price action and needing to consolidate for liquidity purposes

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What are possible explanations for why someone did this?

Here’s me brainstorming:

  • standard procedure consolidate utxos on an exchange
  • flood the mempool to raise cost of tx
    • presumably to limit moving crypto to/from exchanges

Thoughts?

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Think it was Binance

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collateral for loans?

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