I see today
#Binance announced an important news that the monitoring mark has been applied to GoPlus Security (
$GPS ) and the reason is a significant drop in prices immediately after being listed in spot trading and abnormal behavior by one of the market makers in GPS ("market maker") ,
The market maker sold approximately 70,000,000 GPS tokens by the market maker between 2025-03-04 13:00 (UTC) and 2025-03-05 09:55 (UTC).
This means in less than 24 hours
And he did not place any buy orders during the above-mentioned period.
He continuously sold the tokens directly after the spot trading opened.
The market maker was the primary beneficiary as he acquired nearly 5,000,000 USDT.
The market maker colloquially was spending on users and certainly caused losses for a large number of users.
#Binance temporarily suspended the market maker's account and is conducting a thorough investigation into this matter.
In your opinion, was what Binance did an appropriate decision?
I see that Binance should allow the market maker to buy the token and close the selling and suspend the noise and trading on another token until the full amount is injected back into the token again.
What do you think?
#Write2Earn #رمضان_مع_بينانس $SUI $BNB