Krypto_ Alchemy
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Binance needs to take more responsibility to combat industry fraud. Market makers like $GPS are clearly exploiting investors by continuously dumping tokens since the opening. They sold off 70 million tokens without placing a single buy order in between. Market makers can drive prices down as much as they want and then buy back at a low price, guaranteeing profit without loss.
It's understandable that market makers want to make money, but they also need to provide liquidity. If they only sell and don't buy, the market will end up in a terrible state. This isn't just one instance; are other projects doing the same thing?
This situation harms exchanges, users, project parties, and even tarnishes the entire industry. Now you understand why the K-line of your new coins at Binance looks so bad.
#NFPCryptoImpact #GPS
It's understandable that market makers want to make money, but they also need to provide liquidity. If they only sell and don't buy, the market will end up in a terrible state. This isn't just one instance; are other projects doing the same thing?
This situation harms exchanges, users, project parties, and even tarnishes the entire industry. Now you understand why the K-line of your new coins at Binance looks so bad.
#NFPCryptoImpact #GPS
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