Binance should be like this, taking on more responsibility to combat industry fraud. The behavior of $GPS market makers is clearly a way to exploit retail investors; since the opening, they have been suppressing the price, dumping 70 million tokens without placing a single buy order in between. Market makers hold a large amount of chips, and they can drive the price down as low as they want, ultimately buying back at a low price and reaping guaranteed profits.
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It's understandable that market makers want to make money, but they also need to provide liquidity. If they only sell and don't buy, the market will end up in this bad state. This is just one incident that has come to light; are other projects also like this?
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This has harmed exchanges, users, and project parties, and even tarnished the entire industry. Now Binance, do you understand why the K-line of your new coins looks so bad? Binance should be like this, taking on more responsibility to combat industry fraud. The behavior of $GPS market makers is clearly a way to exploit retail investors; since the opening, they have been suppressing the price, dumping 70 million tokens without placing a single buy order in between. Market makers hold a large amount of chips, and they can drive the price down as low as they want, ultimately buying back at a low price and reaping guaranteed profits.
.
It's understandable that market makers want to make money, but they also need to provide liquidity. If they only sell and don't buy, the market will end up in this bad state. This is just one incident that has come to light; are other projects also like this?
.
This has harmed exchanges, users, and project parties, and even tarnished the entire industry. Now Binance, do you understand why the K-line of your new coins looks so bad?
