AIA Coin just got listed on Binance Futures and barely a week ago it shot past $20, but now it’s tanked to around $0.7 almost overnight.
What’s up with Binance not stepping in when coins can’t hold their value for even a day after a huge jump in price?
This kind of thing makes a lot of folks think that trading crypto is just like gambling.
Is there actually any hope for AIA?
That move from ~$20 to cents in a few days isn't a bug of Binance. That's how thin, hype-listed coins behave when they finally meet real liquidity and leverage. Futures listings amplify it even more because now you've got degens 50x long and short on something with almost no mature price history.
Exchanges have no interest in "protecting the price" of a coin, lol. The moment they start doing that, it stops being a market and becomes a sort of a managed casino.
Their job is basically: list, match orders, liquidate you when your margin is gone, repeat.
I mean... Binance is a business and has the right to list whatever they want for their costumers to get or especulate on. It is up to traders to decide where to put their money, it is their sole responsibility.
When people create their account on exchanges, they are accepting to fact they are getting access to economical tools, reading tools and markets which could be translated into financial losses. So Binance do not have any obligation to give money back to traders.
If people is willing to gamble their money on shitcoins on future markets, then they are supposed to be ready to accept consequences.
What specific action do you want Binance to take to protect coins from crashing? It's the traders action, something that they have no complete control over.
Traders should be responsible for all their actions. If they trade in pump-and-dump schemes with no innovative token, expect something like this to happen.
It is and will always be that way. This is why experts advise you to do your own research and study the risk inherent in crypto trading; an exchange will not spoon-feed everything to you, its not a bank where you expect interest after a few months.
So it went back to where it was before binance listing because all the investors wanted to cash out?
Are you asking binance to prevent selling and shorting?
You mean that Binance should do illegal market manipulation to protect your investments? Should they also take action against spikes when something is mooning, because shorters money is in danger?
Real question is why is people buying something mooned 20x in a day?
You are experiencing what they call pump and dump. To pump a cryptocurrency, a strong fundamental is one of it and for AIA it was the Binance listing that triggered the pump and lots of people made big profits by selling at the peak of the hype. Those that held forever are bearing the brunt of the dump. Always know when to hold and when to exit because that is what will make you profitable in the game.
The fact is that most of the projects coming into the crypto industry nowadays are scam projects and that is why they will listed with good prices but after listed they dump and because death project between few days.if the intention of most of these projects not to scam people why a project launch at $20 within a few days, dump below $1? It is very clear that the project was created just to play games with people. Even if the market is bad, it shouldnt have dumped below $5.
I do not trust any exchange, but the fact is that I can say Binance may not be involved in this kind of thing, those who will behind this game will definitely those behind the projects and they are they are been playing and if someone is not smatt that is how they will fall for this tactic.most projects in the crypro industry are not crrated to serve any purpose but just to use it to scam people.
If you're asking why AIA is so, compare it to COAI, even though the price pump is higher than AIA. I think Binance has double standards in listing, even though, as you said, they've already listed it in their futures menu. It's possible that it hasn't yet been listed because its capitalization likely doesn't meet the visible requirements. Furthermore, AIA is still a long way off in the rankings, and it's currently ranked No. 342 and with a capitalization of $78.44 million.
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.
What the exchanges care more and most about is to make money from people. It is people that should be very careful.
Under a volatile and decentralized network, I don't think there's anything called protection anymore, if Bitcoin couldn't be saved of those then I expect any other coin to also fall along with more higher reflection being altcoin, this time we need to be very strategic and careful about how we invest, because some may come in an unexpected and traders may have to pay for the cost of they have chosen their asset already.
Binance isn't listing that coin in spot, they're listing it in Alpha section where there's big banner about how volatile the coin in that section are.
Moreover AIA is an obvious pump and dump, price went from $1 to $20 you definitely should't touch that kind of coin. Always be careful.
Such a large price fall as AIA experienced is not unusual particularly in tokens that are new. Early investors and insiders tend to make money when the pumping of a coin occurs too fast and this results in abrupt dumping. Binance is not in a position to shield traders of this since the price is determined by the market and not the exchange itself.
Crypto is only being comparable to gambling in cases where individuals purchase hype over fundamentals. When a project is able to increase by 2000 percent to 0.7 in a few days, then it normally implies that the token was ill-supported, ill-liquid, or overtraded.
In terms of the future of AIA, the project will require actual practicality and robust growth in order to salvage. In the absence of it, it is another hype-driven token.
You're trading low float FDV. Such dramatic price movement is to be expected since one whale can control the price. That's why never trade a new coin since it's still on the price discovery.
Nobody rarely have any idea what the deserving price should be and this can be taken advantage of by some whale to make the coin overprice and yet retailer still buy because they are still grasping the real price of it.
Solution is just to stop trading any newly listed coin, they tend to go down fast 90% of the time and just full of manipulation pumps.
Two months ago, its price was around $0.24, according to my research. Then, in a short period, it reached $28 each in less than a week, is that right? That's so fast,
and those who were able to sell it early really won big.
However, after a few days of its price being pumped, it crashed just as quickly, and now its price is returning to where it originally started. Obviously, it was just a pump, and its developer raked in a huge profit. But for now, I think it would be difficult for it to be pumped that high again.
If Binance controls the market, the situation will be more disastrous, as the order book will be exploited to make the majority lose their investment. Also, the sudden bump of tokens is a sell signal, and therefore it is illogical to buy after the currency has risen by more than 100%, especially for tokens of unknown bump reasons.
Crypto is always volatile, and why do you wanna see Binance to take the responsibility over the stability of crypto token? It's the risk when you're trading in the crypto. It's also the marketmaker who pumped it, not binance.
Binance has no responsibility over the pump dump that happened on the token that is not even listing at their spot market.
AIA is just a pump and dump token. Its pattern reminds me COAI token, which was being pumped to the similar price, and dumped so hard too.
So i see no future on this token, just another Pump and Dump token to rob retail's money.
The graph shows Pump and Dump. It's like manipulation made the price go up and dumped it back.
Alpha trading is indeed a lot of manipulation --- I remember several previous cases by Chinese people where they manipulated alpha trading to get airdrop points.
Tokens in alpha points are not much different as in other markets such as Pumpfun for example, there is always price manipulation to steal the money of traders and fools who are stuck on your pump dump, and obviously the project must have clear fundamentals, if the high price is not supported by good fundamentals we can question that it may be manipulated by the developer itself or by the exchange.
Yes I know that, it is the work of Burk the Chinese to manipulate the trading volume on Alpha Binance.
Same traders made money when the price moved insanely to $20. No?
When the price appreciated, nobody petitioned binance to protect traders from price rise but now the table has turned, everyone wants compensation for fomoing in at the top? Crypto has gone beyond all of those scam pumps. If people got caught up in one, they need to have their greed checked and stop trying to make excuses for their inability to stay away from crimed tokens. What were they expecting? That the token would go from $20 to $2000? lol.
This shit has to stop.
From what I've observed it's also low in liquidity. A small money can pump the price easy in the first seconds of listing or even after a while like in the case of AIA.
The one that got billions of money because the ticker is being used to game the alpha points are harder to manipulate but still possible since I've seen crazy patterns as well.
I would never buy any alpha coins though, too risky.