![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
Cryptocurrency News Articles
GoPlus Security's GPS Token is Still Down by 12% Even After a 25% Jump
Mar 11, 2025 at 08:45 pm
The situation changed when Binance announced suspicious trading activity connected to GoPlus Security's GPS token.
GoPlus Security's (GPS) token price has still not recovered despite a 25% spike following Binance's listing and Airdrop announcement. The situation has sparked controversy as the market maker's actions and Binance's response raise concerns.
GoPlus Security (GPS) token price is still down by 12% despite a 25% bullish spike after Binance's listing and Airdrop announcement.
The situation unfolded when Binance announced suspicious trading activity connected to GoPlus Security's GPS token. Binance's probe identified a market maker working with both GPS and MyShell (SHELL) tokens, accused of dumping large amounts to make a profit without buying back in.
Binance to Return Confiscated Funds to GPS Users
As a result of these findings, Binance banned the market maker responsible and took their illicit profits. The major exchange also promises to compensate affected users.
In an official blog post on March 9, Binance assured users that funds would be given back through a future compensation plan by the involved projects.
Industry figures, like Bitget CEO Gracy Chen, shared their views, strongly criticizing manipulative practices. Chen stated that "crypto market strength relies on integrity, not short-term gains."
Related: Pi Network Issues Final KYC Deadline: Mainnet Migration Set for 14 March
Bitget CEO Slams Crypto Manipulation: ‘Integrity Is Key!’
Chen's response also highlights Bitget's "zero-tolerance policy" against this kind of behavior. Projects that offer free tokens for listing are instantly turned down at Bitget. This approach is applied to ensure fairness and transparency.
“Without it, we risk building a market based on manipulation, quick wins, and short-term gains, ultimately damaging the industry's long-term prospects. We should be aiming for a space where fairness, transparency, and growth can thrive together,” Chen wrote on X.
Her comments come at a time when there's been a backlash against blatant market manipulation.
The Bitget CEO further highlighted the importance of integrity in the crypto market.
According to Chen, manipulation and short-term gains will eventually harm the industry's long-term growth. Instead, she promoted a market built on fairness, transparency, and sustainable growth.
Ethical Teams, Sustainable Growth Are Vital in Crypto
Chen's response aligns with former Binance CEO CZ's philosophy that "Big money is built slowly with stamina." This is relevant in the current crypto world, where projects without solid foundations often struggle or fail.
CZ, in the March 9 post, emphasized the vital role of ethical teams in driving sustainable development, especially during challenging periods.
Related: Crypto's Dirty Secret: Offshore Exchanges—Bigger Casinos Than Vegas, Analyst Says
While Binance's swift action provides some relief for GPS traders, the episode underscores the urgent need for more transparency and fairer trading practices in the crypto space.
The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
-
-
-
- Dogecoin miners have unloaded 65 million icons in the last 48 hours
- Mar 16, 2025 at 11:25 am
- According to the analyst on the series, Ali Martinez, DOGECOIN miners discharged 65 million icons in the last 48 hours. The DOGE icon has only been traded at $ 0.17 yet, although investors continue to drain their property.
-
-
-
-
-