𝐂ointoshi

Instead of everyone on CT being spread across a thousand different coins imagine if we all rallied behind a single coin like $DOG on Bitcoin and sent it to the moon so we could all win together

I don't think people realize how bad the situation at Binance is getting Less than 24 hours ago Binance began enabling withdrawals for 21 coins But there are still 531 coins that you can't withdraw And of the 21 that you can withdraw they have a "Partial Withdrawal Suspended" status which means that you have a limit on how much you can withdraw But even with all of these precautions and limitations Binance still experienced an all time record net outflow of $6.1 billion today That is more than the total net outflows during the 72 hours before FTX collapsed $6.1 billion is the largest daily net outflow ever recorded for a crypto exchange So over the coming days as Binance continues to enable withdrawals for more coins and then eventually removes the partial withdrawal limitations the weekly and monthly net outflows will balloon What makes this even more concerning is that this is in addition to the $6.3 billion hack that occurred several days ago Remember that Binance is an unregulated black box that keeps their balance sheet and liabilities top secret We have no way of knowing if they used customer deposits as collateral in an off-chain deal to replenish their reserves It has been long suspected that Binance operates on fractional reserves and given they don't publish their financials publicly nobody can prove to you that they don't By every metric Binance is experiencing the start of a bank run When the cracks will begin to appear is unknown But it is very clear that trust in CZ and Binance is deteriorating rapidly All it would take is a single FUD post from Elon to trigger a death spiral that could end in Binance's collapse the same way that CZ's post triggered a bank run on FTX four years ago Right now the only responsible thing to do is to withdraw all of your funds from Binance immediately There is zero upside to waiting around to find out what happens next Remember that in bankruptcy the secured creditors will get priority over normal customers If your funds are on Binance they are not safe and anybody telling you differently is lying

Stop asking for permission Run Bitcoin with maximum freedom $DOG Mode is coming...

Repost if you will be attending the $DOG Army Town Hall tomorrow 🫡 nitter.cf/i/spaces/1jxXgBNApzNJZ

"If you want Ordinals, which I know many of you do, please continue just letting us know, being loud… that very much directly informs our product roadmap" -@zjbrenner REPOST IF YOU WANT ORDINALS ON OPENSEA!!!!!!!!

$DOG ARMY TOWN HALL ON X SPACES THIS THURSDAY SET YOUR REMINDERS!!!!!!!!!! nitter.cf/i/spaces/1jxXgBNApzNJZ