The Binance Alpha trading competition $MPLX has increasingly deviated from its original intention. Yesterday, MPLX increased its trading volume by 80,000, and today it adds another 100,000. Quantitative trading has left retail investors passively caught in a whirlwind.

Initially, the trading competition was meant to increase trading activity, but now the controlling parties have more and more tricks. Generally, they significantly raise the coin price a week before the competition to create an inflated prize pool, attracting many people to rush in at high prices. At this point, the operators collect high transaction fees and also profit from price differences through tactics like wash trading. It's like boiling a frog in warm water; many people unknowingly get involved, and the rewards may not even cover the losses incurred by many. After the competition ends, a frenzy of selling occurs, and by the time rewards are received, their value has significantly decreased.

It’s evident that the competition prizes are gradually becoming bait for fishing 🐟. Most of us are just the big foolish fish 🐟 waiting to be hooked. It has really changed its nature. @BinanceFutures @币安Binance华语