NOTE: PLEASE DON'T READ THIS ARTICLE COMPLETELY🫷😂
Binance users and owner Changpeng Zhao himself are worried. They're wondering why the entire trading market is bearish, and why all coins are falling. What's the reason behind this? Let me explain—hahaha, don’t look at my confidence, just focus on my point of view!
The real reason is that Binance is launching a new coin every day. Because of this, users and whales have distributed their investments across multiple coins in the pursuit of profit. When a new coin launches, whales invest in it but might take the wrong entry. Now, spot traders are stuck, but the real winners here are future traders.
Buyers, future buyers, and whales are only looking at the selling pressure of every coin and are not taking any buy/long trades—they're just selling short.
Coins like Solana, XRP, Ethereum, and Bitcoin are either evergreen or still moving up, but because of user division, no coin is gaining, and the entire market is just crashing. Even fundamentally strong coins with a total supply of just 500 million are also falling.
Take Rune, for example—it has a great blockchain, low supply, yet it's still dropping. Users are struggling after making wrong entries 😂.
So, Binance, please launch only six coins per year! This will allow proper focus and volume on each coin, ensuring both buying and selling take place effectively.
If you’re not doing that, then at least launch coins with a total supply under 500 million 😂. Binance’s once-thriving market has now turned into a fish market—there's a wholesale sale happening on every coin! 😂 And the chances of a bull run? 0%."
Topic Market Crashing.