@vinctadi
$21.76B left Binance in a week. No wonder…
altcoins are bleeding and people feel the tax.
A huge liquidation last week exposed the broken model.
Maybe it’s a temporary thing but for now retail rage quit and took almost $22B of their money.
Why?
Listings are completely broken.
Anyone who bought altcoins on Binance can confirm how much money they lost.
Market for sure, but also coordinated control of supply. Airdrop dumps. BNB rises as a result.
Retail suffers. Negative image for the industry.
We need permisionless listings, transparency in price discovery and order matching system, more efficient settlement.
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