Also most low marketcap coins are very easy to manipulate and they are the ones that the manipulators mostly visit. Those slightly high and high marketcap coins are still not completely resistant to manipulations but low marketcap coins are the riskiest.
These are even happening with famous cex like Binance. Sometimes youll be able to see some tokens that arent much moving before suddenly pumped to 80% to more than 100% thats because probably of cabal whales trying to move it. Ive witness howbsome of these guys pumped a coin and Id say manipulations exists even with top market exchanges. Also with good project that has narrative not only memecoins.
Now that you mention Binance, if you look at their listing history for the current
hearyear you will see that almost all listed tokens have performed horribly. It is a rate race in an semi regulated environment. The levels of greed are ridiculous, exchanges make a lot of money for doing nothing and still it was not enough so now there is a race to earn listing fees as well.
Yes you are right, they can easily get this money from the money made from their telegram activities, but take note that not all exchange encourages all this scam coin, because most of this exchange are equally deceived like everyone, but their are some project that looks nice from the first day till it will be launched, after them, manipulation will gradually set's in, and the largest holders of the coin will just sell off, which will collapse the value of the coin .
That's why am seriously against holding alt and meme because all of them can be easily manipulated irrespective of the market cap.
I think you underestimate how this works. Exchanges are basically paid to pretend to be deceived. If you do not care whether a project is legitimate or not, but just require payment for listing then you can't be deceived. They are facilitating these scams at profit, while users continue to lose money. Exchanges face no consequences so far for their involvement in this process.