BINANCE is doing very well
They are eliminating weak projects from the market to make room for new capital that will flow into the market in the near future
They have held these weak projects for a long time as per their agreement with the Devs
Now is the time for them to take profits
A single sell-off from them will cause the prices of weak tokens (even though they have dropped 80-90% from their peak)
To continue to halve or even thirds
Weak projects will be eliminated
Although this will cause slight chaos in the market, it is necessary to focus capital back and avoid unnecessary fragmentation as the number of weak projects is too large
An old saying, one should only invest in projects with 24h Volume over $1B, weak projects will continue to be wiped out, MMs need to take profits and use that money to push truly quality projects
Weak meme coins and tech coins will soon be terminated, in the coming days the story of token numbers halving in a single H4 candle will not be too strange
Don't put your money into a project that you don't even understand what they are doing
Cheers 🍻