News: $BNSOL Claims Solana’s LST Crown Amidst DeFi Deposit Flight
✍️ @solace_fm
https://t.co/pb53TPl6Dd

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I still believe Binance was behind that massive 10/10 dump
On Oct 6, Binance publicly said it would change how it prices BNSOL and wBETH on Oct 14.
That created a 4-day window (Oct 10–14) where thin books could be smashed to nuke collateral across futures, margin, and loans.
The punch landed in a tight 40-minute window, ~21:36–22:16 UTC on Oct 10:
USDe on Binance printed as low as $0.6567 while other venues stayed around $0.90–0.95.
wBETH collapsed to ~$430 (≈-88% vs ETH parity) only on Binance.
BNSOL flushed to ~$34.9 (≈-82%).
Binance later paid ~$283M to users and rushed the oracle fix early (moved from Oct 14 to Oct 11).
In the 24–48h before the event, >$10B moved:
Big USDT/USDC inflows into exchange hot wallets around 05:30–06:30 UTC on Oct 10.
USDe flows tied to Binance labels: 0xdfd529 (Binance 7), 0x28c6c0 (Binance 14), 0x21a31e (Binance 8).
Coinbase didn’t list the weak links (USDe / wBETH / BNSOL) but did two things:
Moved 1,066 BTC from cold to hot minutes before the cascade ($130M at
@emilylai great one by @StarPlatinum_ :)
https://t.co/LpBQuFFrJg
Binance was probably behind that massive October dump
This is my view and opinion based on onchain data, exchange notices, and timing:
On Oct 6, Binance publicly said it would change how it prices BNSOL and wBETH on Oct 14.
That created a 4-day window (Oct 10–14) where thin books could be smashed to nuke collateral across futures, margin, and loans.
The punch landed in a tight 40-minute window, ~21:36–22:16 UTC on Oct 10:
USDe on Binance printed as low as $0.6567 while other venues stayed around $0.90–0.95.
wBETH collapsed to ~$430 (≈-88% vs ETH parity) only on Binance.
BNSOL flushed to ~$34.9 (≈-82%).
Binance later paid ~$283M to users and rushed the oracle fix early (moved from Oct 14 to Oct 11).
In the 24–48h before the event, >$10B moved:
Big USDT/USDC inflows into exchange hot wallets around 05:30–06:30 UTC on Oct 10.
USDe flows tied to Binance labels: 0xdfd529 (Binance 7), 0x28c6c0 (Binance 14), 0x21a31e (Binance 8).
Coinbase didn’t list the weak links (USDe / wBETH / BNSOL) but did two th
@Defi_Warhol waiting for a write up on what happened 10/10