Former Binance Listing Team Member: Market Makers Are Brazenly Manipulating, Nobody Looks at the Long Term On February 9, former Binance listing team member Chase shared in an interview with Yuzheng Sun on the 'Class Rep Attention' channel that the valuation system in crypto primarily revolves around liquidity, attention, and token structure. These three factors determine the short- to mid-term trends of assets (7 days to 3 months), and nobody really looks at the long term. He emphasized that market pricing entities, such as market makers, only care about short-term profits rather than value, leading to a lack of long-term investment strategies in the market. Additionally, since crypto has not yet been defined as a security, the lack of regulation has allowed bad actors to run rampant. Market manipulation by whales is "blatant, and nobody is even pretending anymore." Binance co-founder Yi He responded by stating that Chase's role was in BD (Business Development) and not as a decision-making listing manager. At Binance, the listing analysis team and the BD team responsible for contract negotiations are completely separate. Source: Class Rep Attention