Binance Dumps Solana Before $2B Unlock—Montana Kills Bitcoin Reserve Bill

Something big is happening behind the scenes. Binance just unloaded massive amounts of Solana ($SOL) through market maker Wintermute. Not a few million, but a flood of sales in just four hours. Why the sudden rush?

The timing is impossible to ignore. On March 1, Solana is set to unlock $2 billion worth of tokens—11.2 million SOL flooding into circulation. If you’re Binance, and you know something the public doesn’t, what do you do? You dump first. The crypto world has seen this play out before. Insiders move before the crash. The rest of the market is left holding the bag.

Meanwhile, another crypto dream just collapsed. Montana’s Bitcoin reserve bill is dead. Lawmakers shot it down in a 41-59 vote, calling it too speculative and too risky for taxpayer dollars. The idea was bold—making Bitcoin a state reserve asset—but in the end, the political appetite just wasn’t there.

So, where does that leave crypto? Solana’s about to get hammered with supply. Bitcoin just lost a key battle in the U.S. political arena. And Binance? They aren’t waiting around to find out what happens next.

Gotta find the best deals.

long term is bullish pic.twitter.com/9v81TtQZqY

— Blacksea (@333blacksea) February 24, 2025

🇺🇸 UPDATE: Montana’s Bitcoin reserve bill has been rejected by House lawmakers over concerns about speculation with taxpayer dollars.

The bill is now effectively dead. pic.twitter.com/VmQX22XDgW

— Cointelegraph (@Cointelegraph) February 24, 2025