Binance's current strategies are becoming more interesting, with tricks so deep they are hard to watch.
Previously, on March 21, Binance delisted AERGO. After that, the coin dropped from 0.077 to 0.047 on April 5, a decline of nearly 40%.
When everyone thought this coin would disappear from the public eye, it slowly rose on smaller exchanges like Ouyie. As of April 15, it had increased tenfold in ten days, nearing 0.44 USD.
Until Binance suddenly launched the AERGO contract again on April 16, and it soared to a high of 0.76 USD that day.
Subsequently, AERGO began to plummet, dropping to a low of 0.11 USD the next day, and the trend continued downward.
In the first five days after Binance launched the AERGO contract, the total trading volume approached 3.8 billion USD, comparable to mainstream tokens.
During this period, countless retail investors were caught off guard. What exactly is the reason? We should reflect on this situation to prevent ourselves from being tricked.
First of all, Binance's current tactics are too insidious. In the context of low trading volume for spot transactions, by manipulating news and coin messages, there is a situation of using the platform's influence to bet against retail investors in contracts. Most of the coins Binance delists are those it wishes to delist; this is not a problem, but the recent delistings from Binance have conspiracy elements involved.
Binance's behavior of first delisting the spot for AERGO and then launching the contract itself has serious problems and can be seen as malicious manipulation.
According to normal procedures, if a project no longer meets Binance's requirements due to reasons like 'insufficient liquidity or malicious actions by the project team', the contract should be delisted first, with warnings to protect investors, followed by monitoring tags, and finally delisting the spot.
Why delist the spot first and then list the contract?
It's obvious that this is to suppress first and then raise, to lure and then catch. Delisting spot to force retail investors to sell, Binance collaborates with the market makers to collect chips, and when the spot chips are concentrated and controllable, the pricing power lies in Binance contracts, not in other small exchanges. Once the Binance contract is launched, the contract price can be manipulated at will, harvesting the retail investors.
To take a step back, all delisted coins should basically have their contracts delisted first; at least Ouyie has always done it this way.
Looking at the recent votes for delisting coins, many of them have contracts, and the first place in the last voting session, UXlink, hasn't been listed on Binance's spot. This voting session's first delisting coin, FTT, also hasn't been delisted. This is definitely a dark scheme.
ALPACA, should this coin be delisted?
From the previous trend of this coin, it wasn't without reason; it also rose during the last bull market, performing even better than 90% of the new coins launched by Binance before. However, Binance still delisted it, and it was done while there was a contract. The result was the same trend as AERGO: retail investors sold, market makers collected chips, and manipulated the contract. After ALPACA was voted to be delisted on Binance, it experienced extreme volatility, rising from a low of 0.0278 to 0.95, increasing several times.
Binance's spot trading volume started to increase from April 25, with trading volumes around 100 million USD. Binance contract trading volume is at least 1 billion daily, peaking at over 2 billion, averaging around 1.5 billion USD. Yesterday, ALPACA dropped from a high of 0.34 to 0.06. Many people thought it was nearly over and were ready to short, but ALPACA surged again by more than ten times.
It has risen nearly a hundred times. Do you know how much ALPACA's market value is now?
126 million, that's right, 126 million, and it's just a small altcoin.
In 24 hours, the liquidation amount of ALPACA was 36.78 million USD, even surpassing ETH. In the real-time liquidation data, ALPACA basically dominated the screen.
In the history of Binance, most of the coins that were listed and delisted previously did not have contracts. However, after experiencing AERGO and ALPACA, it is estimated that there will gradually be more in the future.
Because this is indeed a good business. These delisted coins from Binance, which can be manipulated without restraint, are very few; they usually drop to the bottom and then rise one or two times, but they are likely to drop back down again, and most experience infinite declines.
This is the previous inertia, and it's the script that most people believe in, so most people will not invest large amounts in delisted coins from Binance; only a small portion will speculate a bit.
Recently, some people on Binance have bet their lives on the decline of ALPACA and have already lost everything.
This also teaches us a bloody lesson: for those with excessive heat, where contract trading volume far exceeds that of the spot, we should maintain enough respect, and the best approach is to do less or not at all. It can be confirmed that Binance's delisting of ALPACA was not a temporary decision, but rather a premeditated dark scheme that cannot be accomplished by a small project team alone; it must have the cooperation of the Binance exchange.
