Yes it is really disappointed ☹️

Binance has issued an official apology after a technical issue disrupted the listing of Puddy Penguins $PENGU


and caused confusion for traders. To make up for the inconvenience, the exchange has announced a substantial airdrop to compensate impacted users.
The Puddy Penguins NFT collection, highly anticipated in the crypto community, was listed on multiple exchanges after its airdrop event. Trading on Binance began at 11:30 AM, but a technical glitch on the platform led to inaccuracies in PENGU’s displayed market data, causing frustration and losses for investors.
The problem arose from a delay in updating token information, which resulted in PENGU’s market value being incorrectly shown as 10 times lower than its actual worth during the first 30 minutes of trading. While PENGU’s trading volume exceeded $3.5 billion, the displayed figure on Binance reflected only $350 million, misleading traders.
Acknowledging the mistake, Binance stated, “We sincerely apologize for the inconvenience caused to our users. We are actively addressing the issue with our data provider and will introduce measures, including diversifying data sources, to prevent similar problems in the future.”
To compensate for the disruption, Binance has committed to distributing a 135 million PENGU token airdrop. This will go to eligible users who traded PENGU between 14:00 and 14:37 UTC on December 17, 2024, the period during which the incorrect market data was displayed. Following the discovery of the issue, Binance’s data provider, CoinMarketCap (CMC), acted quickly to restore accurate token information.
This compensation effort underscores Binance’s dedication to user satisfaction and maintaining trust in its platform. The exchange has assured users that steps are being taken to enhance the reliability of its services and prevent future discrepancies.

Do not forget to follow us @DeFiOracle to stay updated with crypto market's news.

#PENGUOpening #BinanceAlpha