Is it possible not to recover hundreds of billions in fines? Haha
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Bearish
Binance's chaotic promotion of VC coins has destroyed the altcoin bull market! Disgusting! In the past week, the market should have seen Bitcoin break through $110,000, with altcoins rising at least 15-20% as a natural result after a washout. Instead, Binance, during this precious rebound period, has crazily pumped various VC coins and garbage altcoins, directly and indirectly siphoning off at least 10 billion in funds. In the end, these low-quality coins that have just launched keep hitting new highs and cashing out, continually crashing the market. Bitcoin's upward momentum has slowed, and altcoins are not rising, but rather falling. The most obvious example is today, when Bitcoin peaked at a 3% increase, and altcoins showed some strong rebound signs. However, because Binance is also launching this garbage VC coin Vana today, Bitcoin's upward trend was interrupted, and altcoins began to plummet. It's extremely disgusting and greatly affects the normal functioning of the market. As the leader of the crypto world, instead of promoting industry development and healthy market growth, they are madly launching various garbage coins for a bit of listing fee, exploiting the bull market to harvest market funds and liquidity. Other exchanges are also launching new coins, but none have the high frequency of Binance among the leading exchanges. If this continues to be so disgusting, they will lose users sooner or later. Let's not forget that the leader in the crypto world ten years ago was someone else.
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