Many coins have dropped sharply after being listed on Binance.
For example, $ALLO (taking this as an example, without holding position).
For retail investors, being listed on Binance is also one of the factors for buying reference, which stems from trust in Binance.
However, this obvious behavior of treating Binance as the last stop for liquidity has greatly harmed Binance users.
As this situation becomes more prevalent, the level of trust in Binance diminishes.
For an exchange, users are the core; although Binance cannot control the price of coins, for those with obvious intentions and extreme actions, I think the authorities need to intervene to avoid greater damage to the exchange's reputation.
People have now developed the habit of selling immediately after listing, and perhaps the current problem is not significant, as Binance, under its leadership, has a massive user base. However, this unhealthy trend, once it forms a climate and continues, leads to a very terrifying vicious cycle. Truly dedicated project teams may hesitate to list on Binance, and if this continues, Binance's decline can be foreseen.
