Binance’s IEOs keep Dumping, but why?

[South Park]

Well investors are now wise and one thing that makes Binance IEO Dumping is the difficulty attached to participating in the IEO. The modus operandi of the IEO activities are just too cumbersome hence the reason for the massive dumping. Its just asif the IEO are only mearnt for whale and there are no locked period attached to most of the IEO

I do not really think that there is any whale participating in ieos, first of all because if they wanted they could buy the entire supply of an ieo and second because even if they invested in an ieo and they were successful in their investment the money they are going to get is not going to be worth the effort for them, make no mistake the market of ieos is for small investors that do not really know how to profit from good coins like bitcoin, because if you knew how to do that you will never give any attention to ieos.

[Crypto5060]

It isn't Binance fault if an IEO launched on the exchange dumps. It's the project's job to maintain a certain level of trustworthiness so that a rumour wont spearhead a dump. Moreover since the dump, Matic has gone back to where it was before.

[gensol]

Those IEOs were based on nothing but hype. Now the hype is over, cryptocurrency market has as well failed to moon as everyone expected by now thereby making Binance IEOs reveal their real worth which is nothing as they're utility tokens.

[fireball4]

No one is a trustable one hundred percent, not the Matic squad, not the CZ. CZ said MATIC didn't exploit this, but who knows? Crypto world has the previous record that the project team deceives investors in smart ways several times, this year we've seen Populous team do it, so I think this big dump came from the MATIC team or whales, but the price will soon recover, Binance team will cover it.

[stephanirain]

I don't think Matic team is free from the manipulation, this is part of the danger in a yet to established altcoin, you never know when the evil killer trigger is going to be pulled. I have severally be injured by these altcoin, this is why I am now a bounty hunter. Ordinarily I prefer trading to hunting.

Many have seen it coming just like old ICOs before that no longer exists in the current market. It is unfortunate to see that the number of IEOs that turning to same fate of the old ICOs before are increasing. Massive dumping really makes small-time investors into disadvantage. I hope issues like this, can still be solved or else if it continues on with other projects, more people will lost interest in investing.

[Desscount]

Those IEOs were based on nothing but hype. Now the hype is over, cryptocurrency market has as well failed to moon as everyone expected by now thereby making Binance IEOs reveal their real worth which is nothing as they're utility tokens.

the most important thing is that many investors have successfully benefited from IEO, Harmony, Matic, which was launched at Binance, a huge success, making investors get profit up to 3x, what do you think?

[monineklutak]

IEO tokens or coins are new projects, it takes time to develop even though altcoin season comes, I'm not sure about them, it is only natural that dumps come over to those coins

[X-ray]

IEO tokens or coins are new projects, it takes time to develop even though altcoin season comes, I'm not sure about them, it is only natural that dumps come over to those coins

People are used to the hype that IEO has when it's initially known by people like back then when all the IEO are overvalued and always pumped. Now that the reality has become the opposite and people already realize that these IEO actually don't worth that much people starts to questioning why it's keep dumping. Nothing last forever I guess.

[hello_good_sir]

Why? Because Binance doesn't have the obligation to keep their prices afloat.

Their only job is to host a market on which buyers and sellers of the token can meet and trade with sufficient liquidity, that is all. They don't have the job of making sure that the market price of the token stays above ICO price.

So if the fundamentals of a project deteriorates, of course the free market is going to respond. There is really no way around that.