Binance Deviates from Original Intention by Going Wild on VC Coins If Not Market Funds Will Flow to Meme Coins Shiba Inu

Chinese crypto KOL @Aunt_ww criticized the cryptocurrency exchange Binance on social media platform X, accusing it of violating the spirit of fairness in the crypto industry. @Aunt_ww believes that Binance’s frequent listing of VC projects with inflated prices and overestimated valuations dilutes market liquidity, ultimately causing retail investors to become the bagholders of these VC coins. Binance’s co-founder, He Yi, responded to these allegations by stating that even if Binance does not list these VC coins, funds will still be diverted to meme coins, Ponzi schemes, ETFs, and other platforms. He Yi also acknowledged that the high prices of some tokens are indeed caused by their VC backgrounds, but many VC firms have also gone bankrupt due to the long unlock time of tokens, resulting in little profit compared to their investments. However, some community members disagree with He Yi’s explanation and hope that Binance can support more medium and small-cap projects to bring hope and confidence to the market.