Ignas: Binance’s listing is now “selling news”, which may cause the project team to come under selling pressure

PANews reported on September 24 that DeFi researcher Ignas posted that Binance has finally launched HYPE spot trading, but it has not yet launched LIT, VVV and FLUID. He said that CZ once said, "When your token is popular enough, we will list it, and we follow users," but he believed that this statement was inconsistent with the phenomenon of some insider placements and low-liquidity Meme coins being listed and promoted through Binance Alpha. Ignas also said that the listing of currency on Binance may become a "good cash-in" event. The project team needs to provide tokens for airdrops and marketing. These tokens will eventually flow to BNB or FDUSD holders and be directly sold by some holders as proceeds, thus forming selling pressure. For example, he said that Scroll once allocated 5.5% of the total supply to Binance Launchpool, and Zama recently provided 45 million ZAMA for "future marketing activities." Ignas believes that Binance has helped users make profits in the past, but now users may become exit liquidity for project parties.