๐จ Possible Manipulation in $TOWNS Listing on Binance? ๐จ
Something doesnโt feel right.
On the first day of trading, it appears that someone from the TOWNS team or a connected party may have used trading bots or internal wallets to purchase large amounts of $TOWNS immediately after listing, artificially inflating the price. Then โ within about one minute โ those same coins were sold, causing a sharp price crash.
๐ป Many traders, including myself, suffered significant losses during this sudden drop.
What raises even more suspicion?
I clicked to buy within the very first second of the listing โ and the price had already pumped. No rational trader buys that aggressively and dumps that quickly โ unless the goal is price manipulation, not profit.
๐ And now, it seems like the same pattern is being repeated.
Is this not a scam? Is it not manipulation? Why is this allowed on such a big platform?
We need transparency and answers.
We need protection from insider actions or bot manipulations.