> if they were really toast, then $BNB would be cratering Why exactly, though? T... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		europeanguy on Dec 17, 2022 \| parent \| context \| favorite \| on: Binance outflows hit $6B as Mazars halts ‘proof of... > if they were really toast, then $BNB would be cratering Why exactly, though? That's what I'm asking. I promise I'm not trolling, I just don't understand the connection.

crtified on Dec 17, 2022 | [–]

Well it has lost about one quarter of it's value VS Bitcoin in the past 3 weeks. Whether or not that fits the definition of cratering is up to the individual.

27 Nov: 1 BNB = 0.0188 Bitcoin; 17 Dec: 1 BNB = 0.0142 Bitcoin

funstuff007 on Dec 17, 2022 | [–]

My presumption is Binance is the buyer of last resort for $BNB.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact