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Binance under fire for allegedly listing pump-and-dump memecoin schemes – TON BOT

Binance under fire for allegedly listing pump-and-dump memecoin schemes

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Members of the crypto community have raised concerns over Binance’s listing of Solana-based memecoins ACT and PNUT, alleging a pump-and-dump scheme. ACT surged by over 1,000% and PNUT by 100% after listing. Critics claim Binance targets low cap memecoins controlled by insiders for listing fees, promoting unfair launches. Binance may be embracing memecoins to prevent users from moving to decentralized exchanges. On-chain analyst noted that 80% of memecoins listed by Binance saw price increases in 2024. Binance does not enforce a minimum market value requirement for memecoin listings.

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