BINANCE MONITORING... DELIST
👉 Personal opinion, 🥸 DYOR. 👈
General Analysis of Sudden Price Increases of Tokens on Binance's Monitoring List
Recently, many tokens on Binance's monitoring list have increased dramatically in price. Here are two main reasons for this phenomenon:
1. Project Owner Psychology and Fear of Being Delisted:
Projects on Binance's monitoring list may face the risk of being delisted if they do not meet certain criteria. This created anxiety among the project team, leading to price pumping to maintain trading activity and meet Binance's criteria. Price pumping helps increase trading volume, improve liquidity and maintain investor confidence, thereby reducing the risk of delisting. Projects such as Beta Finance (#BETA ), Mdex (#MDX ) and Reff (#REFF ), .. have shown significant price fluctuations, which may be related to this strategy.
2. Influence from Market Psychology and Investor Attention:
Market sentiment and investor interest play an important role in driving the prices of these tokens. When there is positive news or attention from the community, the price of tokens can increase sharply due to market reaction. Attention from investors often creates a spillover effect, when many other investors also participate in buying, pushing the price even higher. The fact that these tokens are listed on Binance, a major exchange, also contributes to creating a positive effect on their price.
Note: this is a personal opinion, there are many more points I will write in the next series of articles as the project owner of a large exchange list (not yet listed on Binance).
DYOR. 👹👹👹
