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The original was posted on /r/monero by /u/FoolHooligan on 2024-05-22 18:20:45+00:00.

I think there is some intentional misdirection happening around Monero.

1. Binance announces that they're delisting Monero
2. Monero drops to ~1 USD tanks, which is normal reaction to FUD type news
3. BTC and the rest of the market goes on a crazy bull run to ATH. Apparently out of nowhere people started caring about BTC ETF? Or they actually entered existence.
4. Then on May 20th, Binance disables Monero withdrawals. On the same exact day, the SEC makes a statement about ETH, and rumors of ETH ETF come out and again the market skyrockets.

Are the folks pulling the strings using ETFs to distract from Monero, or to suppress volatility?

What are your tin-foil hat takes?