Crypto-常山赵子龙|Nov 08, 2025 06:32
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The past couple of days, the old altcoins have been popping off one after another. Most likely, it's the work of some market manipulators taking advantage of the recent retail traders' backlash against Binance to create a wave of action. Honestly, it's a brilliant move.
Retail traders suffered heavy losses during the 10/11 market action and got trapped by a bunch of gambling coins launched by Binance. Even when CZ personally stepped in to hype up aster, it didn’t work—shows how badly retail traders have been drained.
These manipulators are seriously impressive. Looking back, their instincts were razor-sharp. They pumped those old altcoins that were mocked and abandoned throughout the entire bull market. Plus, they had enough capital to ignite and test the waters. Once it worked, the profits were massive.
Of course, the most pitiful one here is Binance. They worked so hard to set up an online gambling platform, recruited a bunch of shill KOLs, and even had CZ and He Yi personally promote it. But they rushed it too much, burying retail traders so deep they can’t even breathe. Now, they’ve not only pissed off retail traders but also got played by the market manipulators. Retail traders will probably push back against Binance even harder now.
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