Binance has an unshirkable responsibility for the recent collapse of the Shanzhai. A lot of Shanzhai air coins were newly launched with fdv of more than 2 billion US dollars. The higher the fdv, the higher the recommendation fee of Binance, which caused some coins to plummet by 90%.

You should know that the last round of financing of many king-level projects was based on a valuation of 200 to 300 million US dollars, which means that the worst VC of Binance also made 10 times as much as it went online, not to mention the project party and early investors?

So speculation on new products became a takeover. You thought you had copied the bottom, but it turned out that you haven't even reached the mountainside!