BlockBeats news reports that on December 18, He Yi told the community in today’s Space: “Some Meme coins will survive, but most will return to zero. Both VC coins and Meme coins have many projects on Binance’s hot list, but there are issues with the token economic models of some projects and inflated platform data.
For these projects, I have heard rumors about pump and dumps during the observation process. Therefore, we will place these hot projects in Binance Alpha (observation area). Projects entering the observation area are not guaranteed to be listed on Binance. Only when a project benefits society can it generate income and profits, and share them with users.”
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