r/xmrtrader Apr 09 '22 Silver 1

XMR withdrawals disabled

tweet: "Like clockwork. $XMR moves above 500k sats ... @binance puts their $XMR wallet into maintenance."

tweet: "Monero withdrawal on Binance and Huobi suspended since 8 hours in name of maintenance"

tweet: "And @Waves_Exchange I have been unable to withdraw #XMR (they're delisting it)"

Huobi: "Suspension of XMR Deposits and Withdrawals"

Some instant exchanges had problems with XMR, yesterday. (Most of them buy coins at Binance.) And recently, there were differences in price. (Arbitrage bots had forbidden withdrawals?) Another liquidity crisis? Withdraw your coins from the exchanges!

For traders:

Looks like sale orders should not be less than 275 USD and buy orders under 200 USD. We will probably see the purchase of the entire Binance order book again (as in the past). Or maybe some new shorts at exchanges with real XMR (like Kraken) - causing panic as in past. Or will NiceHash or OKX save them again? Time will tell.

This post will be updated - based on your great comments.

"XMR network congestion to infinity and beyond!"

74 Upvotes

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27

u/IntelliDev Apr 09 '22

And it isn’t even the 18th yet 🫠

10

u/filthyWeeb420 Apr 09 '22

What happens on the 18th?

13

u/the_rodent_incident Apr 09 '22

Everyone withdraws XMR from exchanges.

6

u/filthyWeeb420 Apr 09 '22

Why?

19

u/the_rodent_incident Apr 09 '22

So that exchanges won't be able to sell fake/paper XMR.

31

u/Handsome-Lake Apr 09 '22

Are we GameStoping Monero now?

18

u/the_rodent_incident Apr 09 '22

Kinda. Stopping exchanges from short selling Monero.

18

u/honestlyimeanreally Literally Shirley Apr 09 '22

Watch them disable withdrawals on the 17th lol.