šØ Binanceās $3.5 Billion Oops with $PENGU ā Hereās the Full Scoop! šØ
The crypto world was shaken when Binance made a billion-dollar blunder during the $PENGU token launch! š§
š„ The Mistake:
For the first 30 minutes, Binance listed PENGUās market cap as $350M instead of the actual $3.5B, leading to massive trading chaos.
š What Went Wrong?
A delay in syncing token data from CoinMarketCap (CMC) caused the mix-up.
ā The Fix:
ā¢ Binance immediately collaborated with CMC to resolve the issue.
ā¢ They issued a public apology, taking full responsibility.
ā¢ And hereās the game-changer: Binance announced 135M PENGU tokens in airdrops to compensate affected traders from the December 17 trading window (14:00ā14:37 UTC).
š Whatās Next?
Binance is tightening its processes:
ā¢ Exploring alternative data sources š
ā¢ Strengthening reviews with CMC š
š Lesson learned? Even the biggest platforms make mistakesābut owning up and fixing them fast is what counts.
Stay sharp, stay informed, and trade wisely, fam! š¹
#CryptoNewss #PENGU #CryptoTrading. #Write2Earn! #cryptotipshop