GoPlus Security's GPS token experienced significant price swings after it was listed on Binance and an airdrop was announced. The price initially jumped 25%, but then plummeted 60%, raising concerns about market manipulation. Binance launched an investigation and found suspicious trading activity involving a market maker manipulating the price of GPS and another token, MyShell (SHELL). Binance banned the market maker and confiscated their profits, promising to compensate affected users. Industry figures, such as Bitget CEO Gracy Chen, criticized manipulative practices and emphasized the importance of integrity and transparency in the crypto market. Binance's actions were seen as a step towards more transparency and fairer trading practices in the industry.



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