As the title implied. I’m just disappointed on the current credibility of Binance since they keep listing meme coins that typically dump hard after few days of listing that doesn’t recover.
This token is a money pit which Binance allows. They put risk to all their customers and they allow scammer developers of shit meme coin to milk profit from their user. Without Binance listing these memecoins will never have a spot light from investors.
Major exchange should control the meme coin listing imho.
Honestly I'm in agreement with you. Binance has so much money, they should do more to uphold some sort of standard to prevent their customers from getting ripped off by scams. However, that's just not the way the hypercapitalism under which the crypto market is dictated operates. Its a maximum level of greed that benefits mainly them. Where 10% of traders might make money trading PnD memetokens, 20% will break even and 70% will lose money. Regardless, Binance can only make money. The best thing you can do is boycott them, and encourage others to do the same.