Binance has taken strong action by removing a Market Maker linked to GoPlus Security (GPS) and MyShell (SHELL) due to serious price manipulation behaviors. An internal investigation revealed that both projects shared a Market Maker involved in market manipulation, causing significant harm to investors.
🚨 Strict Decision from Binance: ✅ Permanently ban the violating Market Maker ✅ Confiscate all illegal profits to compensate investors
Immediately following the announcement, the market reacted strongly: 📉 GPS dropped 13%, falling to 0.0394 USD 📈 SHELL unexpectedly rose 3%, reaching 0.28 USD
Investor sentiment remains highly volatile after this incident.
📌 About the two related projects: 🔹 GoPlus Security (GPS): A decentralized security platform that helps blockchain users avoid cybersecurity risks. 🔹 MyShell (SHELL): A decentralized AI platform where users can create and monetize AI applications.
🚀 Binance Tightens Control Over Market Makers! Anyone who violates will be removed immediately. This could be a wake-up call for the entire crypto market.
💡 Questions raised: 👉 Will Binance continue to take strong action against other Market Makers? 👉 Will this tightening affect the liquidity of the exchange?
What do you think? Let's discuss! ⬇️
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