Have you not seen Binance warning before that crypto trading is very risky and that you should be expecting to lose all your crypto assets? I think everyone that have used Binance before would have seen something like that before. You will also see it on their terms of service.
Maybe he is only expecting more than it? Like Binance won't allow coins like that on their platform. Or, they can allow it but with one condition. And that is they must have some kind of a protection feature like they will refund the user in case they lost their money dealing with that kind of coins. Anyways, that is already like a dream. There is no risk on it anymore but at the same time, traders still have a chance of earning more profit if they get lucky.
Why doesn’t Binance take action against coins that can’t remain stable for even a single day after such a major price spike?
As long as there is still a movement, Binance won't touch it but they still can do de-listing if a coin doesn't have any activity for a very long time. Even if AIA coin doesn't move like that, or it moves normally like other cryptos out there, there will still be people that can say that crypto trading is like a gambling. On to your last question, this should be your assignment because you are the ones who are interested on this coin.
