🔍Binance Extends Monitoring Tag to GoPlus Security (
$GPS )🔎
➡️
Binance ha annunciato that, starting from March 7, 2025, the Monitoring Tag will be extended to GoPlus Security (GPS) following a thorough market analysis. This decision was made due to a significant price drop immediately after the spot listing and specific market-making behaviors by a market operator.
📌 REASONS BEHIND THE DECISION
Sale of 70 million tokens
$GPS between March 4 and March 5, 2025, with no purchase orders from the market maker.
Continuous liquidation of tokens immediately after the start of spot trading.
The market maker was found to be the main beneficiary, with an estimated profit of 5 million USDT.
🔴 The market maker's account has been temporarily suspended, and Binance has initiated a thorough investigation.
⚠️ WHAT DOES THE MONITORING TAG MEAN?
Tokens with a Monitoring Tag are characterized by higher volatility and risk compared to other listed assets. These are subjected to periodic reviews, and if they no longer meet Binance's listing criteria, they may be removed from the platform.
To trade tokens with a Monitoring Tag, users must:
✅ Pass a quiz every 90 days on Binance Spot and Margin Trading.
✅ Accept Binance's Terms of Use.
✅ Pay attention to the risk warnings present on the trading pages.
🔍 BINANCE WILL CONSTANTLY MONITOR GPS
📢 Binance will conduct periodic reviews. Other services related to
#GPS will remain unchanged. Binance will continue to promote transparency and sustainable growth for a secure crypto ecosystem.
#GPS #monitoring