XTZ plunges after Binance ‘receipt’ proves Tezos is the bad apple. What’s next?

ambcrypto.com:

Tezos [XTZ] may have put itself and its native cryptocurrency, XTZ, in a problematic situation as per recent events. On 25 August, a group of contributors on its network (Baking Bad) accused crypto exchange Binance of freezing over $1 million of its assets without following due process.

Furthermore, the authors advised the Tezos community, who held assets on the exchange, to withdraw their loyalty to the Changpeng Zhao (CZ)-led organization. While the crypto exchange had duly responded to the allegations, XTZ’s price went looking for crude oil on the charts.

At press time, the Proof-of-Stake (PoS) backed coin was trading at $1.48. According to CoinMarketCap data, the price was a 10.10% decrease from the last 24 hours. Although most of the cryptos in the market were in the red, XTZ’s fall was its biggest in the last seven days.

Responding to the Baking Bad claim, Binance noted that its decision was not random and the exchange was not at fault. In further defense, the exchange said it acted on law enforcement orders.

Binance also noted that the Baking Bad team had failed to cooperate before accusing it of making a rash decision.

— Binance (@binance) August 25, 2022

So, where does this pillar-to-post conversation leave XTZ? Based on the information from the XTZ/USDT four-hour chart, the incident seems to have left XTZ in a terrible state. 

Assessing its Chaikin Money Flow (CMF), it was revealed that XTZ investors could be uninterested in