
Andrew Shepherd
10.1K posts

Andrew Shepherd
@andrewscombs
owner of a small coffee business, lover of doggos, passing interest in crypto, and much more. $DOG


@Binance bought solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u 6.9% of supply in 5 waves of accumulation. $26,000,000 spent. Never told anyone. Especially wave 5 implies they crash the DOG market to sweep (in total in wave 5 almost 4% of supply). That's not custody. That's not coincidence. That's a strategy. Break-even for Binance: $388M market cap. That's 5.7x from here. They're not selling. They're waiting. Would anyone spend $26M on something useless?




🚨UPDATE: On-chain data continues to contradict the any manufactured bearish narrative around solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u (Bitcoin). Exactly 63 days ago, the 2nd largest solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u holding was created (via Solana) and accumulated 249,618,673 solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u. Since then, it has executed 84 BUY transactions and only 8 SELL transactions totaling just 1,547,355 solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u. Current holdings: 266,746,442 solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u (~0.27% of total supply) 👀 This is accumulation behavior, not distribution. The wallet also appears linked to a Fireblocks custody account. Fireblocks is institutional-grade digital asset custody infrastructure used by exchanges, market makers, funds, and large entities to securely store and transfer crypto assets. Interesting part? 👇 solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u is currently its 6th largest holding, while on-chain data shows 339+ interactions with #Binance deposit wallets, including activity as recent as 1 hour ago 😮 Large entities don’t aggressively accumulate hundreds of millions of tokens over 2 months if they believe the asset is going to zero. Solana Wallet (2nd largest holder): BLaQuRW6JqoTRrHZtcummaBusDCLoVfTLaHoAAtBxP2Y

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