As you’re probably aware, Cocos-BCX experienced a rather tumultuous week on Binance. After being listed on the exchange just a few days ago, the project’s token (COCOS) saw its price surge by over 400%.
However, this price surge was short-lived as Binance soon delisted the token due to “abnormal trading activity.”.
This decision by Binance sent shockwaves throughout the crypto community, with many wondering what exactly happened. While the details are still somewhat murky, it seems that there was some sort of coordinated pump-and-dump scheme going on with COCOS.
NOTE: WARNING: Do not invest in the “What Happened to Cocos on Binance?” investment opportunity. This investment is not endorsed by Binance and is likely a scam. Investing in this opportunity carries a high risk of losing your money. Always do your own research and due diligence before investing in any type of financial product.
This is evident by the fact that the price of the token soared immediately after it was listed on Binance, and then crashed just as quickly once Binance delisted it.
It’s still unclear who was behind this scheme or why they would Target COCOS. However, one thing is for sure: this event has once again highlighted the need for better regulation in the crypto space.
Exchanges like Binance need to be more diligent in their listing processes, and projects need to be more transparent about their activities. Only then can we hope to avoid these types of situations in the future.
10 Related Question Answers Found
It was early morning on July 2nd when the team at DREP Foundation was eagerly awaiting the listing of their token on Binance. They had worked hard to get to this point and were excited to see their project finally being recognized on one of the world’s largest cryptocurrency exchanges. But as the hours passed, there was no sign of the DREP token being listed on Binance.
Binance is one of the most popular cryptocurrency exchanges out there. It’s been around since 2017 and has grown to become one of the biggest exchanges in terms of trading volume. So what happened to Binance?
On July 14, 2019, the popular cryptocurrency exchange Binance announced that it would be delisting lending platform Lend from its platform. Lend is a decentralized lending protocol built on the Ethereum blockchain that allows users to earn interest on their digital assets. This news came as a surprise to the crypto community, as Binance is one of the largest and most popular exchanges in the world.
Eng was a token created by the team at Enigma, a startup working on privacy solutions for decentralized applications. The token sale for Eng took place on the Binance Launchpad, and raised over $4 million. However, just a few months after the token sale, the Enigma team announced that they would be delisting Eng from Binance, and moving it to a new exchange.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, has launched a new trading platform in Jersey – a self-governing dependency of the UK. The new exchange, Binance Jersey (BJ), offers fiat-to-cryptocurrency trading pairs, including the EUR/GBP pair. This is significant news for both Binance and the cryptocurrency industry as a whole.
Binance was founded in 2017 by Changpeng Zhao, who is also its current CEO. The cryptocurrency exchange is one of the most popular in the world with over 10 million users. It allows trading in over 150 cryptocurrencies and provides a platform for Initial Coin Offerings (ICOs).
Pundi X is a cryptocurrency that allows users to buy, sell, and use digital currency in physical stores. The company has developed a point-of-sale (POS) device that allows customers to transact using digital currency. Pundi X was founded in 2017 and is headquartered in Jakarta, Indonesia.
It’s been a little over two weeks since the world’s largest cryptocurrency exchange, Binance, announced it would be adding Ven (VET) to its platform. The announcement sent shockwaves through the crypto community, as many were surprised to see such a small token added to one of the biggest exchanges. Since then, there has been a lot of speculation as to why Binance would add such a small token to its platform.
It was one of the most popular coins on the Binance exchange, but what happened to ERD? ERD was a victim of its own success. When it was first listed on Binance, it quickly rose to become one of the most popular coins on the platform.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, has been “hacked” in a major security breach. The hack took place on May 7, 2019 and resulted in the loss of 7,000 Bitcoin (BTC), worth over $40 million at the time. The hack was first detected by Binance’s security team, which immediately initiated a “thorough security review.” As part of this review, Binance suspended all withdrawals and trading on its platform.
