Great! Binance has finally punished the malicious market makers.

Binance's latest two announcements exposed the market maker of the GPS token. Between March 4th and March 5th, the GPS market maker sold off 70 million GPS tokens, severely disrupting the market, and did not place any buy orders for this token. This action allowed the market maker to profit 5 million USD. In response, Binance has frozen the market maker's Binance account and confiscated the profits to compensate the users of the GPS and SHELL projects.

Binance's righteousness has finally come down on such malicious market makers. Many friends recently have learned that when new tokens go live, Binance sells them off crazily. This is all due to unscrupulous market makers disrupting the market. Binance's actions undoubtedly serve as a warning to future market makers with similar ideas, and the compensation action has protected the interests of us retail investors. #加密市场观察 #币安优化上币机制 $GPS $SHELL