Topic: Binance listing too much meme coin (Read 595 times)

How accurate that 70 percent? I think that is a lot, although maybe that is also true since retail trading seems a bit easier than the others out there. It is only crazy on why many of them are still losers. Binance is still strict after all, so not all meme coins can enter them. Those low quality exchanges are the real ones that can have that title of 'landfill of meme coins'. All projects are ambitious, though like you said, not only all has the budget to get listed (unfortunately) but that is a good idea if supply can be a valid payment. It is just that Binance will still choose the ones that they think has a potential or on hype already, so that they won't end up with a useless coin/token. 

I know I had more hope on Hamster kombat when Binance listed it, so I was anticipating something good, but to my utmost dismiss it was worse than what I thought, and I began to wonder that that's not the Binance I know. I previously know that once a coin is listing on it, they have high potentials of listing the least average price.

But from that time I started doubting on these exchanges and try to understand them from the business point, that  Hamster kombat had a lot of crowd, and people were anticipating Binance to list it, so maybe if they didn't, they would have lost customers. so they had to get in the business and list them, I see it same with other exchanges, however they partner with these memecoins or shitcoins to list that favors them, they go ahead to do it, so we shouldn't take it personally.

This is really the main disadvantage of this coin that discourage me because I really don't like those lack of fundamental things since usually what we see out there that meme coins is just driven by hypes. Maybe at this point Binance just don't care about what they are listing and also this exchange is riding the fame then the profit they can get from meme coin.

That's why I really didn't bother to think about trading those meme coins there and decide to buy bitcoin or choose those top reliable altcoins in the market. To many people would provably lose their money especially if they continue to list those shitcoins in their exchange.

Maybe a meme-coin creation tool that uses a special contract would be handy, a contract from which they are bought and which buys them back for 99% or 90% or whatever of what it sells them for?

I mean the contract the coin actually uses does that, not that only the creation tool does it but that the tool creates coins that use such a contract.

Basically a "money back if not satisfied" contract. Lifetime option to sell back. I doubt that memes would do it, even do it with duration until X days after launch or X days since your purchase.


-MarkM-

The issue with meme coins is that they often lack the fundamentals to maintain value. When exchanges list them without enough scrutiny, it leaves users vulnerable to significant losses. I think a more cautious approach from platforms like binance with better screening processes could help protect users and create a more stable market

In order to be "just a common carrier" not responsible for products carried, one must I thought not examine the product just carry the package contents unknown.

So any pretence at all at actually caring whether product is illegal ponzi for example or legit security etc probably carries responsibility for what one carries?

If indeed they qualify as a common carrier then carrying any security from anywhere ought evade securities laws since they don't know nor care what it is, security or not, that would be between the outsider asking it to be listed or providing it none of the common carrier's concern nor responsibility.


-MarkM-

Well, Binance is an exchange, a business, and as in any business what is always sought is economic benefit, so we should not be surprised by what Binance (and many other exchanges) does when listing memecoins. The “seriousness” that we could see years ago in Binance seems to have disappeared with its old and original CEO, or so at least some users believe.

No matter how many memecoins appear on the market every day, as long as they make (a lot) of money, they will be on Binance and other exchanges.

These tokens often rely on hype rather than real use cases which makes them risky for investors. Binance and other exchanges could do more to protect their users by carefully vetting coins before listing them focusing on long term stability instead of short term trends

 You're right. Since binance has been such a reputable and a most dominance exchange, investors and crypto users who had find it difficult to know which coin has potential valuables and the shit coins, they've been to an extend relied on the coins to be listed in the exchanges to be worth adopted of good values.
Perhaps such exchange can as much lay performances of fighting against such tokens that're primarily and temporarily garnished with the techniques of scamming it users by ignoring to list the coin on it platforms. I don't really know if the binance regulatory authority even realizes that the more they keep promoting such shit Coins is the more users are loosing trust on them because it ideologically mean they're working hand in hand whether that's true or not.
So it'll be good if the exchange scrutinizes the tokens before listing them out.
Such drastic action would definitely reduce the enhancement of those shit coins

I understand your points, but Binance before don't follow trends, they only prioritize to list the best among coins that trend. For example, Shiba was the best memecoin that was selected to be listed on all the exchange especially Coinbase. Binance nowadays prefer profit than protecting their customers because they way they list coins is extremely much without research I think. Binance was known to list highly reputable tokens that got use cases and volatility, but it seems to be different these days and personally, I don't trust Binance again because they are acting strange and becoming like other low exchange I know. It's disgusting to be honest.

I doubt that Binance is partly or fully responsible for the development of the meme token projects it lists, because there is no logical reason that could explain why a platform the size of Binance would risk its reputation by listing fake projects with no solid foundation that could convince users. These listed projects are not found on other platforms and often the project does not have any official channels to get to know the development team.

It is obvious that Bianca is also interested in what they achieve from those projects being listed in their platform regardless of whether they are meme or not, they are interested in maximizing profits with their platform. However, it is a personal decision for anyone to get involved or in terms with a meme coins let's not completely blame the exchanges where they are being listed, the truth is no one should risk what they can not  afford to lose because it is no longer new how those meme coins are liable to become a scam project.

Very much in support of what you have said, but on the other hand, we don't see projects with good utilities anymore, and finding investors to invest in utility project have become another hassle on its own, most people have gone really crazy about meme coins and exchanges like Binance and the rest can't do nothing except give the people what they want (list the meme coins) or risk losing some of their users to other exchanges.

So, this i would say is investors fault and not entirely or completely the fault of the exchanges.

*by exchanges, I mean exchanges in general, not just Binance.

Yeah, any business that wants more profits will do whatever is needed and that is how they will improve, there isn't a situation where you could make more money in some other way, so you need to reach to a point where you could make more money.

I am sure that we are going to be dealing with more profit one way or another, but because it doesn't look like we are going to have a hard time, we are dealing with much more difficult situation in the end. Obviously we are going to see this changing for the long term, but that doesn't mean that we need to be doing more right now, when Binance saw the chance, they took it and they just made more profit, that is all they should care about as a business since that's their only reason to exist, to profit.

binance's listing of meme coins can be problematic becasue they often draw in inexperienced investors looking for quick profits. After the initial hype, these coins usually don't hold value. I feel that exchanges should take more responsibility for the tokens they list focusing on those with strong teams and clear goals to avoid potential scams

Business is business and its normal that you will be having that kind of seeing about making money and if you do saw on whats the current trend then you would definitely be diving in and as an owner then you will be definitely be reconsidering out on accepting meme coins because you will be that seeing out that you can make that big amount or revenue considering that there are tons of people who are really that getting fond on dealing up with meme coins and if we do tend to look or base up on how big the volume does meme coin do really makes then you could be able to tell that this is something an opportunity that you do really need to consider and its none of our business of Binance would really be that accepting memecoins as much as they could and since this is business just like we do all know then they do have the full rights on what they should gonna do. Some are really just that too sensitive because they dont want for a 1st tier exchange to accept tons of worthless coins on which this is actually that true or have some point but since this one talks about money then its not already that they would really be having such reconsideration. So it will really be that better that you shouldnt really be that making yourself that be stressed on what they do because its business and its none of our concern. Why would that making yourself that getting too in concern when it comes into this manner on how they will be handling out their business?

I see it differently though. Binance is an exchange I know that tread cautiously, it doesn't list coins and tokens anyhow, to the point that I stop using it in my search for new coins/tokens because it makes me miss too many opportunities for good ones. It's also in the habit of delisting some coins after they fail the monitoring stage, I see no fault in such an exchange in this context even as they have the right to list and delist, it's business. It's the investor who should make the informed decision.

Binance is a financial institution that their main aim is for solely making profit. Gone are those days when they’ll prioritize making a prestigious name over listing such coins. Even with the competition of exchanges in the crypto market, I don’t see binance one less to them as an equal competitor. They stand out in their own ways and even as they tend to list more memecoins, I know it’s solely for the profit sake. The market already changed direction and has made a lot of people to have more believe in memecoins than they do on other more solid coins. So their financial analyst must have given them an insight of where they should focus on and make the most money in this era in the crypto space.

I wish more people knew this. The reality is we are not going to end up with a much profit with investing based on just whatever Binance lists, that's the most important part, if you can do a good job with that then you are going to end up checking out what we are dealing with.

Of course it is not that easy to find other stuff, but Binance isn't listing tokens and coins and saying "look how great this is, put your money in!" they are just listing it, and letting you decide, which is why I believe that we are going to see this changing eventually and Binance will be responsible based on what they list as well, regulations will come for that but I am not sure how long it will take or when that will happen, this is why binance will not be able to list this easily.

If we compare it to before, Binance was very strict about the cryptocurrencies that would be listed on their platform, the fact that if it was listed, the crypto asset that was listed on their
platform was definitely good.

But now it's not like that, and I still understand that somehow, because Binance's marketing behavior so far is that they can just go with the flow where there is a trend for sure. If there is a trend, they go with the hype. Look at what happened to Nokia, they didn't adapt the android system, what happened to Nokia, they were left behind because they didn't go with the trend, But they adapted Samsung and Iphone, look at them until now, they are still popular, so it seems like this is what I see on Binance.

It is a trend and a possibility of profit - why not hop in?
That's my thoughts if I were an exchange 

The fact that binace was also often listing token who has no demand. I can also mention some tokens like Cetus and Cow. These protocols have less demand, but those are getting massive after binance listing announcement published.

 I know Binance is also seeking for the trade fees and volume from the traders, but massively listed meme tokens is really unacceptable.

I mean as an exchange you just gotta go with the flow and list the coins taht people talk about...

I knew that this is already the trend on most exchanges but other exchange will not follow the leading exchange is not doing it. In the contrary, Binance is the one that leading on this shitcoin listing fest that typically a pump and dump after listing since they are getting huge fee from shitcoin traders.

Before, they are not listing nay worthless token and they require MVP in able to list a project but right now even meme coin can be listed easily just because it was backed by VC that they are affiliated.

They are a marketplace. It's not their job to maintain the price of a coin. And its also hard to predict which would be a hit and which would miss. There are coins being listed and delisted every time.
It's the traders who buy and sell. They are willing to let anything bought and sold if they have a good profit from it.
Memecoins are the largest in demand. The most trade volume comes from memecoins. If centralized exchanges like Binance don't list memecoins, users would be forced to use Dex, which has its own complication and risks.

yeah I still remember that as well, binance putting more focus on a coin with higher wallet holder and will impose minimum requirement for listing in their platform.
if I remember correctly this rule was imposed around the same time when telegram tap-tap coins were doing their TGE and got massive listing in binance.

personally I see no problem with this, so many VC-based coin are problematic with their tokenomic, giving out 5% for community and the rest for team and investor, that's just a really bad deal from the beginning.

Even though it's wrong and shouldn't be this way, they basically do this because of the trends in the market. We all know how people hype up these meme coins, and there is a rising demand for them due to the fact that they tend to provide potentially high returns sometimes, so people are always eager to buy meme coins with the hope that they might become millionaires due to one of the many they are buying. Binance is just providing their customers with the opportunity to trade those meme coins on their platform instead of allowing them to use other exchanges because they know they will do it anyway.

I believe the safety of an investor or trader solely relies on the hands of the individual and not a platform or exchange offering them high-risk assets for trading. If you know something can harm you, you shouldn't go near it. Trading meme coins only because a major exchange lists them isn't the right way. One should choose what they should trade wisely to stay away from excessive losses.

Binance released a post sometime last year in Q4 I think when there was plenty fuds about them prioritizing more memecoins listings vs VC-based coins and they said they do it because Memecoins have more wider distribution compare to VC high FDV scams which is true but I think there is another reason.

Binance makes money from fees and so far, memecoins and ai agents bring in the most volume which translates to more fees ay the end of the day.

I am sorry to disappoint you, but crypto is a game of making more money and profits. These exchanges just chase volumes, trading, withdrawal, and listing fees and there's nothing we can do except avoiding trading meme coins or doing some due diligence before trading.

Some exchanges try to warn about the nature of the token or coin one is about to trade, plus the volatility of its price. By the time someone trades those tokens, they know what they are getting in to.

I have noticed 2 different between CZ and the new Ceo Richard Teng. I used to remember CZ is alwsy focus on build, like he literally want to support any projects that is ready to innovate and creative about crypto, most of their funding from Binance labs goes to new projects and are ready to support anything but this new CEO is just focus on money, he literally makes Binance like it's now the New Kucoin and that list anything just to bring liquidity to the exchange and it's not like Binance doesn't have liquidity.

The one that surprised me the most is when they added functionality of Pre-market. All centralized exchanges were doing that but Binance decided to be the last to implement such options and I wonder if Binance is the one copying new projects because then it used to be Binance before anything in the crypto space. The meme coins is a good selling business in my opinion and they easily create volume. Since people interest is still there, Binance is listing to benefit more from them, I'm very sure that CZ wouldn't like the idea but what can he do when he is no longer the Ceo of the company.

Of course, to be selective in terms of recording more reliable binance exchange listings, on MEXC in one day sometimes up to 5 or more are listed for the price only lasts temporarily even though users are also smart to check the supply and network used.


Yes. Many enter but most of them lose big because they expect too much from the pump of the new token.

Binance probably loss a lot of money paying penalies of their violations, so they might just be trying to recover. They’ll list anything as long as they’re earning from the listing fees. And since meme coins are trending now, they’re also making a lot from trading fees.

For them, it’s nothing personal, it’s just business. As long as it guarantees income and doesn’t violate any laws, they’re all in.

they just trying to chase the money, but on the other hand it isn't completely unjustified, I mean so many CT are shilling memes, at some point you'd realize that there's big capital going to meme and as an exchange which relies heavily on generating revenue from settled transaction, it's the only way to keep their exchange relevant. listing meme also part of their marketing campaign I guess to garner attention, degens are so happy when binance listing memes and in exchange binance got the massive revenue from 24h turnover.

the other people who didn't really like meme, can just not trade it.

Yeah, seems like Binance cares more about making bank from listing fees than protecting regular folk who use their platform.  Way I see it, they running a "casino" over there, fully aware that these meme coins is mostly pump-and-dumps.  Dont think they give a hoot if users get wrecked long as they get their slice of the pie.  Listing this crap is a straight up cash grab and Binance just letting scammers take advantage of customers and  without Binance giving them a platform, these garbage coins wouldnt even matter.  Its a shame, you ask me.  They used to be a respectable exchange. They really gotta stop listing these nonsense coins.

I have noticed this since CZ stepped down being the CEO of Binance. I think the current CEO knows what he's doing but I know Binance to be a great exchange that seek for the credibility of every asset, protecting the interest of her users. One think I often seen about this exchange is that they have a strict management and whether they noticed that a particular project is not doing well or generating enough liquidity for the token to be on motion, there is high probability of the time getting delisted from Binance. They are very strict about this and I do applaud them because the team is not ready for any misuse of data  which can lead to the rug pull of unserious project.

Well business is business and this is how it works and if we do tend to look back on what happen after CZ had been arrested and been taken over with a new CEO then we've seen the platform is really that listing out meme coins too often on which as long the community hype and the volume on which it is really that making then thats a good thing for them and one of the solid criteria for them to list out these worthless coins. We do know that Binance is really that the end game for most project on which they are targeting on because they are really that listing solid projects on which means that once you do get listed into this platform this do basically means that the project is indeed great. They have only a few meme coins in the past but now the rate of accepting meme coins is already that too fast on which just like been said that on the moment that they've seen that they can make money then this is the time that they will really be considering out on listing it already or even into those projects who do have that sufficient money that they could list up their coins/tokens into the platform. I do agree into those sentiments that majority of coins whether meme coins or not on which the price do really that gets its price into the floor on which simply means that it is really that becoming a dumping platform. Cant we agree on this one?

Same with Bitget. I had to desactivate notifications because of how much i receive notifications about listing and pre-listing of new coins. I checked some of them and they are all meme coins from telegram app bots. I got the same result searching pre-listing tokens in OKX.

Those exchanges don't care listing new coins without strict requirements. Probably they create those coins as many project are in the Ton network.

Yeah, you’ve got a point. It’s all about the profits for them.

That’s why, as crypto users, we must be smart and understand what we’re investing in. Not everything that gets listed is a solid long-term project. Sometimes it’s just hype, and if we’re not careful, we could end up holding a coin that loses its value fast. Stay informed and always do your own research

You might be forgetting that Binance exchange is a business op, you know this exchange, as long as it sees that a coin has a lot of community and the marketcap it has gained is high and the volume they need is within their criteria, they don't care if it's meme coins.

Do you remember Hamster Kombat, binance saw so many communities here on Hamster kombat, because they saw that the holders were so huge they listed them too, though after the listing, the active holders of hamster kombat were no longer that active.

Binance is top 1 in terms of Cex ranking but Binance does not provide financial advice to anyone.  When Binance lists a token they charge a listing fee for it which is very profitable for them and they bump their BNB coins through the token's Launchpool. BNB is their own coin and they use Launchpool strategy to increase the marketcap and price of this coin and for this they are constantly listing new coins. so do a good analysis before investing in any coin because you always have to be responsible for your loss and that loss will weaken you financially.

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/

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-

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.

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-

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.

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

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.

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.

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.

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.

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.

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.

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.

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.  

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.

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

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.

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.

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.

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.

Binance is even better. Go and see how exchanges like MEXC are listing coins. I have no exchanges to blame. If you do not list coins that people are talking about, people will go to other exchanges for the coins. It is people that should make their own research to know the right coins to buy.

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.