Ignas says Binance listings may become “sell-the-news” events; HYPE spot trading is now live
BIBIBI
AT A GLANCE
Ignas believes that Binance listings and related token distributions may become “take-profit” events and create selling pressure.
Article
Ignas: Binance listings have now instead become “sell-the-news” events, potentially causing projects to face selling pressure
PANews reported on September 24 that DeFi researcher Ignas wrote that Binance had finally launched HYPE spot trading, but had still not listed LIT, VVV, or FLUID. He said CZ once stated, “When your token is popular enough, we will list it; we follow users,” but he believes this statement is inconsistent with the phenomenon of some insider placements and low-liquidity Meme coins obtaining listings and promotion through Binance Alpha. Ignas also said that Binance listings may now instead become “take-profit” events: projects need to provide tokens for airdrops and marketing, and these tokens ultimately flow to BNB or FDUSD holders, with some holders selling them directly as yield, thereby creating selling pressure. He cited Scroll as having previously allocated 5.5% of its total supply to Binance Launchpool, while Zama recently provided 45 million ZAMA for “...
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🔗 https://www.panewslab.com/zh/articles/01a0d325-595a-70f3-8290-931016e3020f
Key points
01
PANews relayed a post by DeFi researcher Ignas.
02
Ignas said Binance had launched HYPE spot trading but had not yet listed LIT, VVV, or FLUID.
03
Ignas relayed that CZ once said: “When your token is popular enough, we will list it; we follow users.”
04
Ignas believes that the phenomenon of some insider placements and low-liquidity Meme coins obtaining listings and promotion through Binance Alpha is inconsistent with the statement above.
05
Ignas said projects need to provide tokens for airdrops and marketing; after these tokens flow to BNB or FDUSD holders, some are sold directly as yield, thereby creating selling pressure.
06
Ignas cited Scroll as having previously allocated 5.5% of its total supply to Binance Launchpool.
07
Ignas said Zama recently provided 45 million ZAMA, but the original text is truncated at this point.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Ignas’s view is that after project tokens are distributed to users through Binance-related activities, selling by some recipients shortly after claiming them could increase market supply. Therefore, a listing announcement may not only lead to gains; it may also become a point at which holders realize profits.
Why it matters to readers
If the selling behavior described by Ignas actually occurs, the tokens of related projects may face additional selling pressure after listings or distribution activities. However, the evidence provides no trading, price, or on-chain data to establish the scale of the impact.
Beginners should not simply interpret a “listing” as meaning that the price will inevitably rise; they should also consider the amount of tokens distributed, whether recipients sell them, and whether market demand can absorb the additional supply.
Risks and unknowns
The content mainly reflects Ignas’s personal judgment and does not represent a verified market outcome.
The article is truncated, so the specific purpose of the 45 million ZAMA provided by Zama and the subsequent wording are incomplete.
The evidence does not include a Binance announcement, so the launch of HYPE spot trading and the non-listing of the other tokens cannot be independently verified solely from this article.
The evidence provides no actual trading volume, price performance, or on-chain data, so it cannot confirm that the distributions caused selling pressure.
Related Developments
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No specific projects or verification materials are provided for the “some insider placements” and “low-liquidity Meme coins.”
The evidence only states “September 24” and does not specify the year in the body.
Related concepts
Spot Trading
This term is not in the glossary yet. Browse related concepts in the glossary.
