Binance listing too much meme coin - page 3.

Marvell1

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Admittedly, Binance has recently tended to prioritize and list meme tokens over other projects. But if you check, you will see that most of them have high trading volume as well as large community. I think that is one of Binance's criteria because it benefits them because their profit comes from the trading volume of their users.

Additionally, memes are narratives that are becoming more appealing to investors than other narratives. Even more heavily regulated exchanges from the US like Coinbase, Robinhood, and South Korea's Upbit have prioritized listing many meme tokens recently. This shows that meme trends are attracting investors better than the rest of the market.

https://cryptoslate.com/memecoins-capture-31-of-investor-mindshare-in-2024-surging-4x-in-popularity/

markm

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Quote from: Lida93 on January 11, 2025, 04:14:52 AM

It's more like a trend right now among the exchanges it's not just about binance and it all got worsen with the escapades of the telegram tap to earn projects, and developers of these memecoins project going their way to making sure they meet all requirements to get listed on big exchanges like binance without the exchange knowing their real intentions of dumping on their community shortly after.

I think what exchanges like binance and others should do is to embark and enforce a delisting campaign towards coins that are suspected to be a money pit to their users as this could send a strong message to those pump and dump memecoins developers that come with intent to scam their users.

Or maybe they could institute a "treasuries" system like the Galactic Milieu whereby each listed asset would have a "treasury" which, divided by the number minted of the asset, allows a calculation of a value per coin or token (instance) of the asset and buyers can be informed before offering to buy what the calculated value per unit of the asset is according to how large a treasury the asset provided in the process of getting listed...

-MarkM-

Lida93

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It's more like a trend right now among the exchanges it's not just about binance and it all got worsen with the escapades of the telegram tap to earn projects, and developers of these memecoins project going their way to making sure they meet all requirements to get listed on big exchanges like binance without the exchange knowing their real intentions of dumping on their community shortly after.

I think what exchanges like binance and others should do is to embark and enforce a delisting campaign towards coins that are suspected to be a money pit to their users as this could send a strong message to those pump and dump memecoins developers that come with intent to scam their users.

markm

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Quote from: DeathAngel on January 11, 2025, 03:31:06 AM

Binance will probably get sued by the SEC for listing unregulated securities but then again, under a Trump administration maybe Binance think they can get away with being a bit more lapse on what they can list.

I had an impression I'd seen something not so long ago about Trump or his family themselves launching a shitcoin so who knows, maybe so...

Or maybe it will be just another felony his dictatorship sweeps under the rug?

-MarkM-

DeathAngel

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They don’t care, they just want your fees. More, more, more money, greed is what it is. Most of these meme coins have no utility & are just pure shit coins. Binance will probably get sued by the SEC for listing unregulated securities but then again, under a Trump administration maybe Binance think they can get away with being a bit more lapse on what they can list.

taufik123

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Quote from: nutildah on January 10, 2025, 03:45:36 PM

-snip-
Where 10% of traders might make money trading PnD memetokens, 20% will break even and 70% will lose money. Regardless, Binance can only make money. The best thing you can do is boycott them, and encourage others to do the same.

70% of them are retail traders who only hope to make a big profit from the memecoins they buy after listing on Binance, but then the dump keeps happening and even these memecoins will be difficult to reach the new ATH again.

Binance is really the ultimate destination or even the current landfill for listed memecoins,
this started when PEPE was listed and then there were more memecoins that I didn't even expect to be listed on Binance like ACT and PNUT.

While very ambitious projects do not get a place on binance because they are certainly short of money to be listed on Binance or maybe with the condition "Give your supply, then it will be listed on binance"

Now Memecoin with the narrative "Ai Agent" has become more dominant and there are more Ai Agents memecoins listed on Binance to date

Adreman23

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it's sad to say that it seems binance no longer protects their customers, and perhaps all they care about now is profit. However, on the other hand, there's no one to blame but those who buy meme coins in hopes of making a big profit. For me, meme coins are a gamble..you might win big with a small investment, or you could lose all your capital. That's why it's really important to be cautious when getting involved with meme coins.

X-ray

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it's also partly the problem with people over speculating on memes, you see meme that's trendy usually their trading volume is so high, it's definitely a waste of potential profit for exchange to not list them.
I mean when everyone just putting their money into these memes, you'd expect some money is getting out of other niche and the exchange volume is reduced if they didn't list it. so it's kinda understandable.

also, most of new alts got low amount of holders making it centralized coin quite the opposite to meme. maybe that's a concern as well.

Taskford

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Quote from: AbuBhakar on January 10, 2025, 08:34:00 AM

As the title implied. I’m just disappointed on the current credibility of Binance since they keep listing meme coins that typically dump hard after few days of listing that doesn’t recover.

This token is a money pit which Binance allows. They put risk to all their customers and they allow scammer developers of shit meme coin to milk profit from their user. Without Binance listing these memecoins will never have a spot light from investors.

Major exchange should control the meme coin listing imho.

Crazy that they go into this craps since this will lower down their credibility if they keep listing those scam meme coins in their exchange.

Its like they are only for money given by those crap meme coin scammers and ignore the situation of people who might think that those shitcoins they list is good because it was been listed on Binance.

So maybe better for people is to act the same on what they approach with this meme coin in other market and dump it when they have chance to take a profit. Since even if this meme coin has been listed on Binance they are the same scam tokens we see spreading around.

passwordnow

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Quote from: AbuBhakar on January 10, 2025, 08:34:00 AM

As the title implied. I’m just disappointed on the current credibility of Binance since they keep listing meme coins that typically dump hard after few days of listing that doesn’t recover.

This token is a money pit which Binance allows. They put risk to all their customers and they allow scammer developers of shit meme coin to milk profit from their user. Without Binance listing these memecoins will never have a spot light from investors.

Major exchange should control the meme coin listing imho.

I agree. They should limit the listing of memecoins because many of these memecoin developers will look at it as something penetrable and they'll be able to do it once they make another memecoin. What they only have to do is to market and hire a lot of influencers for them to be recognized and soon, they'll only have to pay out of thin air by getting some supply of the memecoin that they have made. As long as there is money and it's a lot then Binance will easily consider the listings and if they are seeing the volume out of it.

nutildah

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Quote from: AbuBhakar on January 10, 2025, 08:34:00 AM

As the title implied. I’m just disappointed on the current credibility of Binance since they keep listing meme coins that typically dump hard after few days of listing that doesn’t recover.

This token is a money pit which Binance allows. They put risk to all their customers and they allow scammer developers of shit meme coin to milk profit from their user. Without Binance listing these memecoins will never have a spot light from investors.

Major exchange should control the meme coin listing imho.

Honestly I'm in agreement with you. Binance has so much money, they should do more to uphold some sort of standard to prevent their customers from getting ripped off by scams. However, that's just not the way the hypercapitalism under which the crypto market is dictated operates. Its a maximum level of greed that benefits mainly them. Where 10% of traders might make money trading PnD memetokens, 20% will break even and 70% will lose money. Regardless, Binance can only make money. The best thing you can do is boycott them, and encourage others to do the same.

ajiz138

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If nothing else, Binance doesn't care about losing customers' money to meme coins but that's nothing compared to other exchanges like Mexc and Bitget that do frequent memecoin listings.

The meme community is large, some exchanges may be so interested in it that they list it. It's a matter of real individuals believing in memecoins despite the huge dump in the market.

hamba laeh

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Quote from: AbuBhakar on January 10, 2025, 08:34:00 AM

As the title implied. I’m just disappointed on the current credibility of Binance since they keep listing meme coins that typically dump hard after few days of listing that doesn’t recover.

This token is a money pit which Binance allows. They put risk to all their customers and they allow scammer developers of shit meme coin to milk profit from their user. Without Binance listing these memecoins will never have a spot light from investors.

Major exchange should control the meme coin listing imho.

In my opinion there is nothing wrong if Binance accepts meme coins on their exchange because they are doing business with those who own meme coins, so I think it is very natural for Binance to accept any coins to run their business. and I'm sure investors and all of us will do research first before buying a coin. So don't blame the exchange but blame those who want to buy coins without doing research.

Happy Waters

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Binance is a hideous, centralized, powerful creature which is still suspected of possibly not being solvent if enough people withdraw their funds, and you are expecting them to restrain from listing pump and dump coins? Perhaps you should "lower your standards" before even thinking about them.

albon

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Binance only marks projects with the "Seed" Tag, which applies to projects that may exhibit higher volatility and risk than other listed projects, which are often meme coins. Binance has eligibility requirements, compliance standards, and listing criteria. The coin must be listed on other CEX platforms and have sufficient trading volume and popularity, in addition to listing fees. If a project meets these requirements,, Binance will undoubtedly accept its listing request, even if iit's a meme coin project.

Binance also has a disclaimer,, and the investor's responsibility is to conduct his research.. Not every meme coin listed on Binance is safe or a good investment; it could be delisted one day due to low liquidity, security concerns, etc. Therefore, it is the investor who allows the developers of these meme coins to profit, not Binance or any other CEX.

If investors ignore these meme coins and don't invest in them, they will become neglected. Also, Binance today listed three AI coins: AIXBT, CGPT, and COOKIE ^[source], so not everything Binance lists are meme coins.

bastian466

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They use large exchanges to attract many enthusiasts, people will be interested and more confident if the coins or tokens they buy will be listed on large exchanges like Binance. They think that after being listed, the price will skyrocket and what happens is the opposite. maybe the main problem is why the price has dropped maybe because of the many users who sell the coin or token because what often happens to meme coins like this is that it will be difficult to grow back

l99l

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Binance has now left its old quality and prestige behind, they have listed tons of tokens on exchanges.
In the past, tokens to be listed would go through a strict selection process when they were going to be offered to the public. Now, the coins to be listed on Binance are not even exciting.
Binance has managed to impress everyone in the past years, it was obvious that this success would not last long. One is full of shit coins with a shit meme list and one with a non-meme shit coin.

virasog

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Quote from: asriloni on January 10, 2025, 11:46:46 AM

I don't even see Binance as a prestigious exchange site anymore. It's very often listing the shit scam token. I meant this may be binance's initiative to do insider trading.

Binance is there to do business and earn money. If people are showing interest in any token they will try to list it on their site too. If the trend is of meme tokens, then they will list popular meme tokens that they think can generate high trading volume. The more the trading volume, the more money the exchanges can make in terms of fees and liquidations.

If they do not list them, people will trade them on other exchanges, and they do not want to lose customers. Similarly, if the trading volume decreases considerably on any coin/pair, they will delist them.

Asiska02

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Quote from: AbuBhakar on January 10, 2025, 08:34:00 AM

As the title implied. I’m just disappointed on the current credibility of Binance since they keep listing meme coins that typically dump hard after few days of listing that doesn’t recover.

This token is a money pit which Binance allows. They put risk to all their customers and they allow scammer developers of shit meme coin to milk profit from their user. Without Binance listing these memecoins will never have a spot light from investors.

Major exchange should control the meme coin listing imho.

Binance always have this distinct between them and other exchanges but in recent they’ve begun to act and exhibit the same kind of characteristics like other exchanges. They’ve earn some kind of reputation that makes them stand out amongst other exchanges but they are no more what they use to be. Even when they’re now known for listing more shitcoins, they still stand a better chance far ahead of other top exchanges competing with them, theirs is better to some extent.

Ever since the arrest and stepping down of CZ as the Binance CEO, their activities and quest for money making has increased significantly. The large amount of money paid for compensation during his arrest may have brought about this. They will really want to get those money back to still stand out and they will only care less of some shit projects once they are able to bring money on board for them to list their tokens, that I feel it is amongst the reasons for the recent listing of shit coins more periodically now.

asriloni

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Binance = Mexc.

I don't even see Binance as a prestigious exchange site anymore. It's very often listing the shit scam token. I meant this may be binance's initiative to do insider trading.

I often saw the token listed on Binance pumped even before Binance was releasing an announcement bout listing. I assume they have insider trading who bought a lot of tokens then dump it after release.

Binance seems changed its perspective, which is always avoiding tokens with so many VCs behind it.

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