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Tahir Hussain Pakistani
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#2024withBinance
A recent listing announcement on Binance has raised concerns about the legitimacy of two tokens: Across Protocol (ACX) and Orca (ORCA). While the listing itself may seem legitimate, several red flags have been identified that warrant caution and scrutiny.
*Reasons to be cautious:*
1. *Pre-announcement price pump*: ORCA's price surged an hour before the listing announcement, raising suspicions of insider trading or manipulation.
2. *Lack of transparency*: Both ACX and ORCA have limited information available about their teams, development plans, and use cases.
3. *Seed tag*: Both tokens have been assigned the "seed" tag, indicating that they are high-risk investments due to their early development stage.
4. *Safety advisory*: Binance has issued a safety advisory, warning users to exercise caution when trading ACX and ORCA outside of their platform.
*Protect yourself:*
1. *Conduct thorough research*: Before investing in ACX or ORCA, make sure to research their teams, development plans, and use cases.
2. *Be cautious of price manipulation*: Monitor price movements and be wary of sudden, unexplained price surges.
3. *Only trade on reputable exchanges*: Stick to well-established exchanges like Binance, and avoid trading on unverified or shady platforms.
*Stay vigilant and stay safe!*
Share your thoughts and concerns about ACX and ORCA in the comments below.
A recent listing announcement on Binance has raised concerns about the legitimacy of two tokens: Across Protocol (ACX) and Orca (ORCA). While the listing itself may seem legitimate, several red flags have been identified that warrant caution and scrutiny.
*Reasons to be cautious:*
1. *Pre-announcement price pump*: ORCA's price surged an hour before the listing announcement, raising suspicions of insider trading or manipulation.
2. *Lack of transparency*: Both ACX and ORCA have limited information available about their teams, development plans, and use cases.
3. *Seed tag*: Both tokens have been assigned the "seed" tag, indicating that they are high-risk investments due to their early development stage.
4. *Safety advisory*: Binance has issued a safety advisory, warning users to exercise caution when trading ACX and ORCA outside of their platform.
*Protect yourself:*
1. *Conduct thorough research*: Before investing in ACX or ORCA, make sure to research their teams, development plans, and use cases.
2. *Be cautious of price manipulation*: Monitor price movements and be wary of sudden, unexplained price surges.
3. *Only trade on reputable exchanges*: Stick to well-established exchanges like Binance, and avoid trading on unverified or shady platforms.
*Stay vigilant and stay safe!*
Share your thoughts and concerns about ACX and ORCA in the comments below.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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