Now those who buy in Binance are all bag holders 😂

CZ publicly criticizes Binance's token listing process: "This is a collapse!"

Former Binance CEO Zhao Changpeng (CZ) recently publicly blasted Binance's token listing process, calling it "a bit broken." He pointed out that Binance only announced the listing four hours in advance, leading to a rapid surge in prices on decentralized exchanges (DEX), allowing early buyers to take advantage and sell tokens at high prices on centralized exchanges (CEX), creating an unfair market.

CZ emphasized that this brief announcement window allows speculators to profit while retail traders are at a disadvantage. He warned traders to be cautious as this listing method poses risks.

Meanwhile, CZ also questioned the standards for token selection at Binance, suggesting that the exchange overlooks the fundamentals of projects in favor of liquidity. He mentioned that the exchange is rushing to list popular tokens to capture market share, especially highly speculative meme coins.

This rapid listing model may bring short-term volatility but also exacerbates the risks for retail investors. Whether Binance's token listing process truly aligns with the principles of long-term development is worth deep reflection by every investor.