The cryptocurrency market is experiencing significant downturns, with Ethereum (ETH) and Solana (SOL) being the hardest-hit assets in the top ten digital currencies. There have been allegations of potential market manipulation by major players, with on-chain data suggesting large-scale selling of Ethereum and Solana tokens by Binance. This has led to a 7% drop in Ethereum's value and a 12% decline in Solana's value. Ethereum has breached its critical support level of $2,600, which could signal the end of the altcoin season if confirmed. Solana has fallen below its major support level at $150 and is experiencing a stark drop in network activity. Some experts suggest that these market maneuvers by exchanges like Binance and Bybit are manipulative and aimed at triggering mass liquidations among long positions. This has led to a growing call within the crypto community to shift away from centralized exchanges and embrace decentralized finance (DeFi) to minimize reliance on institutions susceptible to manipulation. Ethereum has stabilized at around $2,390, which is nearly 50% below its record high.



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