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Binance co-founder He Yi stated in a post on the X platform that some users within the community had initiated a “withdrawal campaign” against Binance. However, according to He Yi, contrary to expectations, the total amount of assets in Binance wallet addresses increased after the campaign began.
He Yi stated that this situation indicates the exchange has maintained its liquidity and reserve strength despite intense withdrawal calls from users. In his post, he implied that mass withdrawal movements, sometimes organized on social media in the cryptocurrency market, aim to test investors’ concerns about the financial resilience of exchanges.
The Binance executive also emphasized that launching withdrawal processes at regular intervals across different platforms serves as an effective “stress test” for all trading platforms. According to He Yi, such actions can be an important indicator of the speed at which users access their funds and the operational processes of exchanges.
It is known that due to some exchange bankruptcies and withdrawal suspensions in the past in the crypto market, investors have become more sensitive to reserve transparency and liquidity issues. In this context, Binance’s reserves and wallet transactions are among the most closely watched data in the sector.
He Yi’s statement was interpreted as a response aimed at demonstrating Binance’s resilience against withdrawal requests and sending a message about the security of user funds. It was also suggested that the increase in assets in exchange addresses could be related to new investments or returning funds.
*This is not investment advice.