At approximately 5:58 AM ET today someone sold a very large amount of $DOG causing the price to drop from $0.00068 → $0.00054 on Gate
Within seconds arbitrage bots began buying $DOG on Gate to sell on other exchanges (where the price was still higher) which caused $DOG's price on other exchanges to quickly drop to ~$0.0006
Throughout the course of the day many $DOG soldiers took advantage of this new ATL to "buy the dip" and I am very excited to share that $DOG has now not only fully recovered from this event but has actually added several million dollars in value
Given the opaque nature of trading activity and account ownership on CEXs it is unclear if this was simply a $DOG whale exiting their position or a more sophisticated price manipulation attack by market makers to hunt liquidations
What is very clear though is that in the face of adversity the $DOG Army rallied together and fought back to turn this into a victory
Other memecoin communities would have panicked on the timeline exacerbating the selloff but the $DOG Army exhibited extreme conviction and fortitude
Days like today make me proud to be part of this movement
$DOG go to the moon 🫡
ETHEREUM MAXIS ARE SPREADING FUD THAT BITCOIN IS SUSCEPTIBLE TO A QUANTUM ATTACK THAT GOOGLE JUST DISCOVERED
BITCOIN MAXIS ARE SPREADING FUD THAT ETHEREUM IS SUSCEPTIBLE TO A ZERO-DAY ATTACK THAT ANTHROPIC JUST DISCOVERED
REPOST IF YOU SUPPORT AN IMMEDIATE CEASEFIRE!!!!
@LeonidasNFT Why so bullish Leo? What are the catalysts that make you bullish? Rn it’s a lot of headwind, losing a top marketplace… price continues to find new lows…
What is there to be bullish on?
@mqmcrypto Well I need to just sell to keep any sort of capital. Can’t believe this is the state of affairs for a $100b project. Seems silly to believe any of that nonsense now
The real truth about the @binance listing process 🧵
Over the past 8 years Binance has mass extracted billions of dollars via listing fees
When @cz_binance and @heyibinance claim that Binance doesn't charge listing fees it is an explicit lie
They get away with this because earlier this year Binance switched to using terms like "HODLer program" and "marketing budget"
But make no mistake Binance 100% does charge you if you want to be listed which usually involves up to ~10% of the supply of your token, millions in cash, plus huge purchases of BNB
The end result of this extortion scheme is that Binance will list whichever projects send them the most tokens which means that scammy, insider controlled, low cap memes like $TST, $NEIRO, $ACT, and $CAT get listed while large organic communities like $HYPE and $DOG get ignored
Everybody in crypto complains about rugs and scams but nobody wants to hold the largest institution in crypto accountable for perpetuating them
If a crypto exchange actually cared about its users they would solely evaluate projects based on merit and carefully curate the best tokens possible for their users to buy
From Bitcoin's earliest days Satoshi made it very clear that banks were the enemy and Binance is nothing more than a very large, corrupt bank
If you want to help bring an end to the practice of listing fees which have caused significant structural damage to the crypto market and have in turn harmed millions of real people the answer is simple
Use DEXs
DEXs are open by nature and don't require permission in order to be listed
In 2018 @haydenzadams and the @Uniswap team gave us the tools to take back control when they implemented the first x*y=k AMM
Every since then we have been marching toward a DEX/CEX flippening (hopefully this cycle) where more volume will occur on-chain than off-chain but we have to fight hard for it
What @jessepollak and @base are doing to integrate DEXs into the main @coinbase app is incredible
What @cjhtech is building with @trylimitless is extremely innovative and could change how we think about buying and selling crypto
What @toly and @weremeow are doing on @solana to bring liquidity on-chain is badass
What @chameleon_jeff and @HyperliquidX are doing to make a DEX feel just as sleek and fast as a CEX needs to be celebrated
If you would like to end CEX listing fees and show support for on-chain DEX builders repost and reply so that more people pay attention to this matter!