This time Binance is making an example by taking down a market maker that was too greedy, so the next VC coin to be listed on Binance probably won't be able to flood the spot market as aggressively as before in the short term; at worst, it will just consolidate. The trend of $NIL is quite illustrative. 🤣

This is a routine announcement, and the products and services mentioned in the announcement may not be applicable in your region.
Dear users:
Our investigation found that a market maker (hereinafter referred to as 'market maker') of the Movement (MOVE) project is associated with [另一个近期因违规行为已被下架并禁止其在币安进行任何做市活动的做市商](https://www.binance.com/zh-CN/support/announcement/detail/4a5fa79a6c174db29c43122db732af1e).
We found that the market maker has the following market-making behaviors, including:
On December 10, 2024 (UTC+8), the day after the MOVE token was launched, this market maker sold approximately 66 million MOVE tokens, while there were very few buy orders;