- Trump’s tariff announcement led to a massive crypto sell-off.
- Binance and Wintermute faced scrutiny over alleged manipulation.
- Major coins and stablecoins saw significant value decreases.
On October 11, 2025, the crypto market experienced significant turmoil as former President Trump announced 100% tariffs on Chinese imports, implicating Binance and Wintermute in manipulation allegations.
The event triggered over $19 billion in liquidations, caused widespread market instability, and renewed manipulation accusations, severely affecting key assets and drawing intense community scrutiny.
The trading frenzy exposed Binance and Wintermute to serious allegations. Binance CEO Richard Teng denied manipulation claims, citing market activity as the cause. Wintermute‘s founder also dismissed the rumors.
Impact on Major Cryptocurrencies
Key cryptocurrencies like BTC and ETH experienced significant drops, while some altcoins plunged up to 90%.
“The market just flushed out months of excess in one move. … The whales already took their entry. Retail panic is peaking.”
Market Volatility and Political Tensions
The event exposed the fragile nature of crypto markets amid heightened political and economic tensions. Meta Financial AI has launched an investigation into alleged market manipulation by major exchanges.
“Investigates Binance’s $19B Bitcoin liquidation event, triggered by Trump’s tariff threats and exposing market infrastructure flaws.”
Regulatory Responses and Future Outlook
Analysts noted that this event is one of the largest in the history of crypto volatility. It parallels historical events such as the March 2020 crash, though on a much larger scale.
The potential outcomes involve tighter regulatory measures and improved market infrastructure. Exchange outages and liquidity shortages may lead to calls for more secure trading environments to prevent future disruptions.
| Disclaimer: The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions. |
