CoinVoice has recently learned that Binance stated: "We have noticed the recent community discussions regarding the supply data of USUAL and ACX tokens and conducted an internal investigation on this matter immediately. The specific cause of the incident is as follows: The display of token circulation information related to the project on the 'trading page' and the 'price page' of Binance directly uses data from CoinMarketCap (CMC). Therefore, according to past processes, when the project party's data is not updated, the data on CMC and Binance pages will also be affected.
Regarding ACX: On December 6, the Binance team discovered that ACX's circulation data was incorrect and immediately contacted the project party to correct the data on CMC; regarding USUAL: The change in token supply information is mainly due to different standards between CMC and the project party regarding the definition of circulation and how to reference data. After discussions, the project party has also completed the correction on CMC. As mentioned above, we have identified the root cause of the issue and conducted a post-analysis. In the future, we will strive to improve the collaboration and processes between the project party, CMC, and Binance regarding the display of token circulation and other related information, so that we can quickly verify key information about tokens before they are launched and ensure the accuracy of information to avoid similar issues.
Previously, users on platform X stated: "The reason for USUAL's price manipulation is that the original total supply of this token was shown as 4 billion, and it was directly changed to 338 million, which is equivalent to full circulation; the reason for ACX's price drop is that when the token was launched, the circulation was displayed as 138 million, and then it was directly changed to 332 million, causing the circulating market value to increase by 2.5 times." [Original link]
