Binance’s IEOs keep Dumping, but why?

[bitcampaign]

Binance is facing yet another criticism as one of their IEO tokens has seen a huge dump once again. Matic, which was put on Binance launchpad, Binance’s version of an IEO, fell 60% in just minutes.

The token which is on the Ethereum network saw the huge drop. Coinmarketcap data said that MATIC/BTC reached a high of 562 satoshis on Monday, before diving to lows of just 195 satoshis.

I hope this does not damage the image of binance as a trusted exchange, I am sure the case is actually being discussed in the public space, actually this incident is not only on MATIC there are several others, but not as bad as MATIC dropped the price so far it reaches a low point to drop above 50%, it certainly hurts but again to realize that all investments always have risks and this is a risk that must be understood

[nicecrypto]

I don't understand why @op is asking when he already knows the answer to this question, unhealthy pump of any project would also result to heavy dump, now we can see the original value of the coin which is not the artificial price that was seen before, it is always better to have organic growth.

[The Cryptovator]

Your question is reasonable on the topic title. But how it will be if I reverse your question like, Binance IEO's keep pumping, but why? Is it not true? You didn't see when Binance IEO tokens pumped hard ? So usually it will dump again and pump once again. Their last IEO was Troy, all troy holders made their capital 2x/3x, so I will not surprised if troy price dropped even 4x. It's just normal procedure and it will continue. Because there is whales to bashing us. That's why sometimes wee can see huge pump and sometimes we can see huge dump. I don't think there is other reason except big whales. Team will never want to dump their coin/token.

[mrdeposit]

I don't understand why @op is asking when he already knows the answer to this question, unhealthy pump of any project would also result to heavy dump, now we can see the original value of the coin which is not the artificial price that was seen before, it is always better to have organic growth.

If so, every price is organic or there is no such thing as organic price. Because demand-supply can always change and the organic price depends on it. Matic increased by more than 70%, which no one would have thought that the result of an increase in the price of such a project listed in Binance with high volume would be so.

[lobo13hf]

I don't understand why @op is asking when he already knows the answer to this question, unhealthy pump of any project would also result to heavy dump, now we can see the original value of the coin which is not the artificial price that was seen before, it is always better to have organic growth.

I thought that what makes he was feeling curious about that caused by it happens on the major and reputable exchange site. The basic thing when it comes to the reputable exchange site and anything can be trusted. That's why he was feeling curious why so many IEOs on binance were getting a big dump.

[Balladtony77]

Those who invested in IEO projects from binance have all make their gains and only holders will face this wrath now but the truth is those projects are all working projects with use cases, I think they will easily recover

[itchycoin]

Looks like even reliable IEOs dont bring profits to you

[drumamat]

Binance is facing yet another criticism as one of their IEO tokens has seen a huge dump once again. Matic, which was put on Binance launchpad, Binance’s version of an IEO, fell 60% in just minutes.

The token which is on the Ethereum network saw the huge drop. Coinmarketcap data said that MATIC/BTC reached a high of 562 satoshis on Monday, before diving to lows of just 195 satoshis.

I hope this does not damage the image of binance as a trusted exchange, I am sure the case is actually being discussed in the public space, actually this incident is not only on MATIC there are several others, but not as bad as MATIC dropped the price so far it reaches a low point to drop above 50%, it certainly hurts but again to realize that all investments always have risks and this is a risk that must be understood

I completely agree with you.Why do all the stereotype that the exchange Binance prices should only grow.There are risks and no guarantees that You will not lose your money.

[nomenclatur]

all investments have risks IEO projects in binance was able to convince many investors to join the launchpad Binance but anything can happen profit losses and there will always be. Matic project I think is a pretty good issue price is quite a severe price plummeted make each holder should disappointed Matic team must keep their prices so that investors believe in their project.

[knuckey]

Bnance launchpad is the main place for investors who like IEO and it looks like every project they launch is always sold. When the first listing, a new project will continue to go up, can even reach its ATH, but after that many fall and look as if they were intended to be pumped and dump. Is that a coincidence? But why can it repeat and fall, so is it profitable for investors?

[xiboothrezi]

Apparently, the scenario of this film have been written long ago by the team. It is just a cliche pump-dump theme. But I do not think there is any other fault than Binance's lie (They probably gave a statement like this to protect themselves) statement on this. The exchange sets certain limits that the amount sent is probably no more than that. In this scenario, there could be another exchange instead of Binance.

Drama that has been set up with the beauty of manipulation. And we all know that this is a pump and dump drama. So what do we really expect? the right tactics like hit and run are the most appropriate in a market like this. Because everyone is in need of profit to cover losses in a bad season. So who is fast will get it.
However, at the beginning of the listing, it has provided many benefits, right? Is not Matic beyond expectations? and we should also understand this as a risk, don't just rely on the big-name Binance, because the risk is everywhere.

[KillerInk]

Binance is facing extremely difficult as well as other criticism. Binance's IEOs continue to dump. The market is in serious decline. what should I do now ?

[Dangki01021991]

Celr is a stable token on the Binance launch board that is also seeing a significant reduction during this phase. Binance IEOs continue dumping. This scandal greatly affected the market. Is the future of ETH still good?

[btcltcdigger]

The IEO's are dumping mainly because of the people.
I'd say 90% of the participants are here for the quick flip, while 10% actually believe in the project.

So you can expect 90% of the bought tokens to be sold hours after listing, which of course, will reduce the price

[biddicoin]

Your question is reasonable on the topic title. But how it will be if I reverse your question like, Binance IEO's keep pumping, but why? Is it not true? You didn't see when Binance IEO tokens pumped hard ? So usually it will dump again and pump once again. Their last IEO was Troy, all troy holders made their capital 2x/3x, so I will not surprised if troy price dropped even 4x. It's just normal procedure and it will continue. Because there is whales to bashing us. That's why sometimes wee can see huge pump and sometimes we can see huge dump. I don't think there is other reason except big whales. Team will never want to dump their coin/token.

That's the problem itself, not organic growth is a manipulation. it is not good for crypto development
In the other hand, we are here to make money, including developer. so, there is no guarante that dev wont to dump their token/ coin.

furthermore, dev is one of big holder. so it is very possible. remember how charlie lee (creator LTC) sold his tokens
LTC is one big coin, but it still possible, how about the shit one

[VanDeinsberg12]

Celr is a stable token on the Binance launch board that is also seeing a significant reduction during this phase. Binance IEOs continue dumping. This scandal greatly affected the market. Is the future of ETH still good?

Im not sure if that will be affecting the pric eof ethereum caused by the agreement has already made by the developer of the token itself and binance. The impact will happen to the price of the token as more people will not be interesting to buy a token such celr again.
Matic has become a real example if there chance of collusion to happen will always there.
Celr is a crap coin and just caused by it has launched on the binance launch pad and that makes celr over rated in the past.
The implementaion was very different with a lot of expectation came to the celr in the past.
That scandal will totally destroy the price of the token and not ethereum.

[Google+]

I think this looks terrible because the price fell that far and could make many participating investors lose because of the incident, from cases like that are usually affected by current market conditions or developers deliberately lowering the price of tokens as is happening at the moment.

[leatutz]

The IEO's are dumping mainly because of the people.
I'd say 90% of the participants are here for the quick flip, while 10% actually believe in the project.

So you can expect 90% of the bought tokens to be sold hours after listing, which of course, will reduce the price

Ok, I could vote on your comment only 50 percent because if 100 than you should believe price won't dump below IEO. But I think price could more dump because devs don't sell all coin in IEO, rest of the after pump.

[Jating]

I think this looks terrible because the price fell that far and could make many participating investors lose because of the incident, from cases like that are usually affected by current market conditions or developers deliberately lowering the price of tokens as is happening at the moment.

I wouldn't say its looks terrible, I mean we all know that most of them are really good projects, but with the worsening market conditions, someone will really need to get their money back and then some. That's why the IEO projects are dumping right now.

I'm sure that when the market bounce back and new IEO are still being offered, we might not see this kind of dump in a bullish cycle. Maybe long term investors are still holding, for all we know.

[wajik-tempe]

The IEO things is just this year's hype and the projects itself is not really good, people are just making hype making those coins looks like very valueable but they are not holding at all, after the IEO they sold the coins and move to hunt another IEO. Many crypto investors right now are just aiming for quick profits rather than support a project to the top.