Does It Make Sense for Binance to List a Token That Is 99% Owned by Whales?
It's alarming to see that $VELODROME (VELO) was listed on Binance while 99% of its supply is controlled by trading whales. Over the past two weeks, I’ve closely monitored this token since its listing. Every time the price shows potential for an upward move, these whales dump their holdings, causing the price to crash.
The token has failed to show any positive performance, draining traders’ funds instead. This is unacceptable. Binance must take immediate action to delist Velodrome (VELO) and ensure the protection of its users' funds.
Traders’ trust is at stake, and Binance must prioritize their safety over questionable listings.
