Recently there have been a craze and buy rush for any coin new listed on Binance but usually turns to a nightmare for those who FOMO too early. $MBL which was listed today because they won vote for community coin dumped from 59 sats to 30 sats within some minutes. This was the case with LTO too. My little advise to traders, (especially newbie traders) is to analyze properly before diving into buying a newly listed coin on Binance especially and other exchanges with such hype. Even if you must do, use tight SL and moreover there is no point chasing a moving train.
If people buy purely on something getting listed at some website, binance or not, then they deserve to lose their money. Sorry but that might be the laziest strategy I have ever heard of. Put a little more effort in and you can at least not buy the complete and utter scam coins.
binance FOMO only temporary moment for token or coin pump. when they already announced be winner in community vote usually traders start to liquid their position. if happen in many projects that announced will participate in binance community voting. buying just this reason really dangerous for us , and we must deeply research why we buy on coin or token.dont just based FOMO only.