Why did $KMNO drop quickly after being listed on Binance?

Because the circulating data previously shown by CMC and CG was incorrect, both indicated a circulating market value of only around 100 million, but after Binance conducted its own due diligence, it found that 300 million coins had actually been unlocked... which is equivalent to an increase of 200 million in circulating market value out of thin air. Moreover, CMC and CG still haven't noticed this issue, and even CMC shows that 300 million in market value has already been unlocked, but the market value is still 100 million. 😅