Bitcoin Forum

Binance become a Shit Exchange that support Shit coins like LUNA and ANC
LUNA price drop fom +11000 sat to 1000 sat in less then 12 hours and same
for ANC it seem that the devs of those two coins dumped thousands of BTC's
in the market and scam investors and Binance still supporting those Shit coins

https://www.binance.com/en/trade/LUNA_BTC

https://www.binance.com/en/trade/ANC_BTC

LUNA DEVS ARE SCAMMERS they creating more SUPPLY and DUMPING in the market

LUNA Supply increased from 300 Millions to +1 Billion in 24 hours
https://coinmarketcap.com/currencies/terra-luna/

Im wondering why Binance didn't Announce a DELIST for those SHIT COINS till now

I don't think that you can blame Binance though, still up to those projects and it's investors on how their price is going to move, Binance has nothing to do with it.

As far as listing those in their exchange, I mean if they passed the qualifications then why not being listed on them? And there is this so called delisting mechanism put into place, if Binance see that they are scamming then for sure they are going to be delisted anytime soon.

If I should estimate the value in US dollars, when bitcoin got to $48000 in April 2022, Luna reach all-time-high of $115. The price of Luna has been decreasing most among the top 15 cryptocurrencies, Luna dropped to 42nd. Luna should be regarded as a shit coin but Binance listed it because it was not a shit coin before as its marketcap got to over $30 billion but now at $2 billion. A coin with that large marketcap of 2 billion now can not still be regarded as shit coin though but the price dropped significantly.

I see that binance has taken a decision to delist luna prepetual trade and so many exchange sites are also starting to announced that to delist the prepetual and future trade for luna.
Yes that's why this coin was a scam coin. The luna and anc developers were scammers and they are dumping everything to the mawrket. Look at how many people got scammed caused by this. Do kwon was the most arrogant developers that i have ever seen.
He is paying everything right now.

So sorry OP if you lost some money to this, but it seems like you are you just looking to cast blames and binance is in view. You should have known by now that you can't always bank on altcoins for investment purpose, if you didn't, you do now. Not trying to justify binance, but they can't be blamed if a coin that was doing well and was approved by them for listing suddenly performs poorly.

That projects were actually good until the market showed that they're terribly going down so there's no way Binance can foresee the future of those projects at its early stage.
This market has shown how low each project can go if you're invested a lot of your money in these projects. That's why you should only invest what you afford to lose.

A lot of projects start off with good ideas and intentions, but there is a downturn in the market that affects their price. If something is listed on Binance, it is tied to the price of Bitcoin using bots. So if the price of BTC goes down, your favorite coin will go down too, regardless of fundamentals. The best thing you can do is buy something and hold it long term. If it has staking, better still. I'm holding ICP and NEAR, which have staking and XRP that does not. Besides, ICP has an 8% higher APY then UST ever had.

Are you loosing so much money on ANC? Im sure that if i have seen you were also talking about investing in ANC yesterday and what about that? It seems like that you are loosing a lot of money here and you are being angry with anc and start to call it as a scam but yeah i do agree if both were scam.
It's hard for you to accept this but this is crypto market.

Stop your fud on Binance bro, is anc and luna only traded on Binance? why are you making it a binance issue when it is clearly not, how about asking other exchanges to delist anc and luna as well. It is your type that like to spread fud where there is none.
Crypto investment is a risk, hope you are able to understand that and don't blame others.

I agree Binance has nothing to do with Luna's bad performance in the market if you want to know why Luna is crashing you can check one of the articles about Luna's situation, I fetched you one to understand

https://www.businesstoday.in/crypto/story/terra-luna-crashes-over-85-heres-why-333127-2022-05-11 (http://url)Terra Luna CRASHES over 85%; here's why[/url]




This is something beyond Binance's control and you should do your research if the market is crashing or pumping there's always a reason for this.

Binance exchange oy supports a project that appears to be good and rose up to the top 10 list on coinmarketcap, where is Binance's owns fault in this? That's a wrong accusation you know, even I believe that buying Luna right now is the best thing everyone should do, I think Luna will walk on its feet again and fix this issue.

I know how do you feel by loosing a lot of money. Blaming the exchange site will never help a lot once the market itself will try to determine whether the token must be delisted or not. I believe if the binance team has its o2n qualification to make sure whether they wanna try to delist it or not. If that will come true and you will see an announcement about that the disaster is not yet end

It doesnt have corellation with binance exchange, Luna become shitcoin due their algorithma in stable coin ust didnt work. we could not blame exchanges which is since early they screening every project strictly. did you said scam too when in few years ago luna pumped from below 0,5 till last all time high in $100?

OP is not doing research he is barking at the wrong tree, is Binance the only exchange where you can find Luna it's still listed in over 100 exchanges, so why blame Binance alone check Google for a reason why Luna is crashing it takes time to delist a coin, so it's for everybody's good to always do their research and always check the news on the coins that they are investing, what happens to Luna is unexpected but there's a valid reason for it.

I don't see with ANC but most interested discussing with Luna coin as most scammer coins right now drop drastically until 100%, price from 100$ last several days before few hours later drop until $0.67 before little wake up now above $2,7. I don't think with how many people got scam from this coin ever bought on higher price and right now have bad thing see their assets drop drastically. Any chance based on your opinion with Luna coin back to the top price, maybe reach above $20 again? or developer have run away and not responsibility again before Luna coin delisting from Binance.

LUNA has fallen by 95% in 24 hours today is the peak of LUNA's decline a lot of people lost money in Luna maybe this will have a bad impact for Luna making supporters or Holders no longer believe and will leave Luna next Bitcoin will also be affected. good for waiting market Normal to buy Bitcoin

no more trust from crypto investors since this luna accident. this huge dumped and even worse than bitcoinnect. moreover i read in twitter DO Kwon was be  man behind another stable coin projects. in few days we will see strong selling pressure for luna and it coul dbe good opportunity for ust to follow market direction.

In my opinion, it is important to read the market more accurately. It is mostly about the technical analysis of various indicators such as market depth. LUNA and ANC these two coins for the last 2 days the price has dropped drastically but seems to be still on the exchange. Is there a second chance to rise? if this actually happens is the worst thing because Binance is a reputable exchange and it would be great if they handled things more properly. Let's see if they react to this dumping issue in 2 days.

What is Binance business with a dump of a third party project that they know nothing about? Binance is an exchange for crying out loud, they have done an outstanding job in the past years about choosing coins to list on their platform, all projects have doxxed team members, and verified and that's more than enough, what more do you guy expect? To monitor projects and tell the team to avoid any dumps? You guys are asking for too much.

LUNA DEVS ARE SCAMMERS they adding SUPPLY and DUMPING in the market LUNA supply increased from 300 Millions to +1 Billion in 24 hours

Are you Blind ? LUNA circulating supply increased from 300 millions yesterday to +1 Billion right now
the Devs are Creating more supply and Dumping in the market LUNA shit should be Delisted from Binance

You are one of those people who have never understood how neither the market nor the exchange works. It's only natural for people to appear who are almost venting their frustration over the massive exile, especially from LUNA. But when it comes to getting results from profits you are the most silent person. That's why I say you don't understand how the market works.

Recently, there has been massive concern among LUNA investors. We can't blame anyone. Since the beginning, cryptocurrency trading has been highly volatile and risky. So when all the altcoins fall it's hard for a Binance company to act rashly.

Then, news from Do Kwon regarding the tension that occurred during these 72 hours. He tries to convince everyone to give them a chance. As we know, since the emergence of LUNA until before they experienced problems, it has attracted the attention of investors and traders.

If you still don't understand how LUNA works maybe taking the time to read a tweet from Do Kwon is the best choice as an insight.

https://twitter.com/stablekwon/status/1524331171189956609

we don't know is it right binance will delist Luna or not , all of this still be rumor but we should concern on it due Luna condition which is not finding solution about their UST pegging. but when binance listing Luna alot crypto community glad it with , euphoria happen everywhere when it price climbing,but the funny things today some crypto community blamed them

Why would you believe that buying Luna right now is the best thing everyone should do? Are you one of the developers because that advice is the worst thing the OP will like to hear. Why do you think that the price of Luna won't still crash 90% from it's current price.

Crypto is risky and everyone of us should avoid making an investment we can't afford to lose, this situation reminds me of Bitconnect but unlike BCC where there were previous allegations of wrong doing, Luna and ANC seem to come out of the blues.

Why do you blame Binance for the price drop of Luna?
Binance is an exchange and they have their own T&C on how they will delist a coin or token. But, if this is about the price drop, do you only get this once on Luna? Wake up dude, there have been so many coins that are dropped with extreme drops so far in many exchanges. Not only in Binance.
You know, Luna is traded in many exchanges. If Binance should delist every coin that is dropped, all coins and tokens in Binance should bedelisted at all. are you kidding?  ;D ;D
See this:
https://coinmarketcap.com/currencies/terra-luna/markets/

when investors suffer huge loss, they will blammed everyone that listing coin. even binance which is have good observation and selection while listing coins could be their angry. this is not binance fault , they do their part well and no one could blammed them. maybe other exchanges must get some response to binance.

Deleting is not a wise choice at the moment because of the high volume. How does exchange like Binance make money? They charge fee on every trade people make. Luna trading volume is currently more than 32,000,000,000 usdt on Futures perpetual and 6,000,000,000 usdt on spot (not including other trading pair such as luna/btc)

It might take a while for Binance to delist Luna.  I’m looking forward to seeing how Luna can withstand such disaster.

With these vast altcoins, you can't really avoid such things from happening no matter how good you are at distinguishing legit coins from fakes. Looks like they've just pretended to be a legit project from the start while they had some evil plan to pump and dump their coins in the end. Looks like this kinda triggers the other exchanges for being extra careful when accepting new listing applications from such kinds of coins if they don't want to ruin the trust of their users.

Binance is not responsible for the scam and I do not think we can say that they supported those scammers, the devs are the guilty party here and since they have scammed so much money I hope that a criminal investigation takes place and they are put behind bars, however binance and any other exchange is responsible in the sense that they supposedly investigate each coin they list on their exchange, and they decided to list this coin and now their customers have lost a lot of money because of that decision, so it is obvious that whatever they are doing to stop scammers from listing coins in their exchange is not enough.

Why find fault with others, Binance has nothing to do with LUNA or ANC crashes, that's exchanges like Binance to facilitate us to sell LUNA or ANC, we should be grateful to be able to buy and sell there. If a price crash occurs which is triggered by the fault of the developer or parties from LUNA or ANC so that traders sell massively, it's your own fault why you are still holding the coin. LoL
🤣🤣🤣🤣

True. These kinds of people are just adding fuel to the fire. Especially those people are more affected even if they didn't affect by the tragedy, while those people who are affected are just fine and calm.
Additional, this is a big loss for cryptocurrency, not only for those holders of UST or LUNA. Exchanges nothing to do about it, they can delist it anytime if they want.

Luna is a big project and is in the top 20 on CMC, yesterday's demise was too sudden and the founder Dokwon himself stated that it is impossible to save the project at this time. The fact that a project crashed cannot be blamed on Binance, before that luna was one of the projects that attracted great attention and received great attention from the community. Binance also blocked trading on Luna and UST related pairs yesterday to prevent it from collapsing further.

I think this incident can be a strong warning for CZ and the team behind the binance exchange, this should be an important lesson and as much as possible not to happen again, the good name of the binance exchange is at stake and with coins like that can make the exchange worse and nobody wants to trade on binance anymore.

I see it's not that easy to delist LUNA and ANC because their liquidity on Binance is still quite high...

this is a hot topic of discussion in the world, this is one of the reasons the bitcoin price has slid deep to below $30k. I strongly support if these two tokens are delisted from binance, so that binance can return to being the best exchange because this affects binance's reputation.

That does not mean, when Luna was at all-time-high, its marketcap was $30 billion, but not only binance is the exchange that list Luna. Not only that, also some people will just used Binance and other exchanges to exchange Luna, what was noticed even up till now is that the Luna network is congested which shows huge number of people that are making on-chain Luna transactions and this will likely be people moving Luna from noncustododial wallet to exchanges to sell. Also if Luna is not added to Binance, Binance will not have Luna and nothing added to Binance about Luna, what I mean is that the remaining marketcap and trading volume Luna is having is still far great than many altcoins. As Luna has dropped, it is still 42nd with marketcap of $1 billion.

Binance just now announced delisting of Luna on coin and margin trading. I thinj this is kinda too late, imo. People since last night already been trading when the crash happened and dozen of traders are probably rekt more than earn on this crash incident of luna. How awful that the bear fueled by this incident, I just hope that CZ do it first thing when the incident happened to prevent more losses.

I'm sure it's not the binance exchange's fault, all these things cannot be accounted for by accident without anyone knowing. if they knew that this coin actually happened something like this I'm sure no matter how much binance was paid they would not list this coin in their market. This proves it with the LUNA delist from binance. But if that also means that the LUNA team is a scam too, I'm sure there was a fatal mistake they did accidentally, so far nothing has been heard of them as an exit scam, but this seems like an accident.

I don't think crypto currency exchanges are responsible behind the massive price decrease of LUNA it's the developers of LUNA who deserves the blame behind this massive crash of this shit coin although it was surprising that Binance still didn't delisting this coin from their platform which is obviously going to leave a negative impact on Binance.

Binance didn't take that risk, there's no way this matter could be passed on to them, I agree with what you said, that Binance's involvement is very baseless.

Merema has grown so big now, it is impossible for them to destroy this reputation, and even the term delisting is enough proof, that they have a strong system to avoid such things, because speaking of this system is a complete power at their disposal. When fraud occurs, they will definitely be kicked out

Stay away from Luna, any thing you see is FuD and Fomo. Luna may beg gone forever. It is certain Luna can't go back to the top, because the supply keeps increasing. The developer keeps bragging to whales, It all started like a game now see what it has become... You don't mess with whales who decides the market direction.

You are so mad to the luna developers and i do believe you are loosing all of your live savings, right? Luna minted when UST burned to mint new luna. that's why the circulating supply is increasing a lot and it's now more than 10 billions in the binance exchange site.
If you are loosing your money and im sorry for your lose but again complaining here will not make you get back your money again. Luna dev has been ruining your life.
Have you lost on both luna and anc?

Withdrawal is no more available on binance I am guessing luna will get delisted very soon, this is just like Bitconnet 2.0 in disguise, I never knew that Luna max supply was increasing all along this was why I thought I could take a good advantage of the project, now its clear that this project will never recover, what a shame.

It is very likely that Luna coin will be delisted even though currently Binance is only announcing the news of Luna delisting on Futures, but if the liquidity and luna market continues to decline, it is likely that Binance will delist shitcoin with no supply limit.

Several exchange market have close and suspend withdrawal, realistic with many exchange have different price and worth if deposit and withdrawal open much profit get from arbitrage. Yesterday I checked with FTX as lowest price of Luna coin and have different 1$, much peofit if withdrawing and deposit available. Now Luna coin drop under $0.005 and worry worth or not yo buy back with Binance have announcement delisting from future exchange.

Yes. Terra has sold a large number of coins in a short period of time, so the exchange has dropped by thousands of percent. All these coins are property of the developer. I think the dumper was done by the devs without considering the continuation of the blockchain they developed. We do not need to hold or repurchase such coins, because there is a possibility that the developers will leave the blockchain, and the blockchain will die forever.