Binance's first vote was undoubtedly a failure!
As soon as the results came out, only $TUT saw a significant rise, while the other three showed little fluctuation, and MUBARAK actually fell instead of rising. Only a few tokens like $quq, BNBCard, and $Bubb saw slight gains.
There are two main points of failure.
First, it's about trying to do too much at once. What was promised to be two has turned into four. Binance has already started a wholesale model in the #meme section. The rarer something is, the more valuable it becomes. Many retail investors in BSC's MEME sector have the biggest expectation of being listed on spot.
When the expectation of being listed is no longer unique, capital manipulation becomes more obvious. It's clear that retail investors will not be willing to pay the price, and the expectation of being listed on Binance will greatly diminish.
Secondly, Binance extended the voting period too long this time. The heat cycle for meme coins is relatively shorter compared to other sectors. A seven-day voting period has caused many tokens that were originally hot to burn out their enthusiasm.
Especially in recent days, there has been no continuous market activity on-chain, liquidity has continued to shrink, and all tokens are in a downtrend. As a result, even if the outcome is released, it will be very difficult to reverse the market's downward trend.
If Binance continues like this, it will only infinitely compress the liquidity of #BSC's MEME. The story of the wolf coming too often loses its meaning!
