Binance Lists Low-Cap “Neiro” Memecoin: Profit Motive Raises Concerns About Image

Tags: binance, listing, memecoin, neiro

Summary: This article examines Binance’s listing of the low-cap memecoin “Neiro” instead of the more popular “Neiro Ethereum”. The article explores possible motives behind this decision and questions Binance’s coin listing standards, highlighting potential concerns about its image.

Binance Lists “Neiro” Instead of Popular Neiro Ethereum?

Recently, Binance listed a coin called “Neiro” with a market capitalization of only around $20 million. Notably, this “Neiro” is not “Neiro Ethereum,” a project that has gained significant attention from the community. “Neiro Ethereum” was frequently mentioned by KOLs and was expected to be listed on Binance soon. Instead, Binance listed a different, obscure “Neiro”.

Following this listing, the obscure coin surged 5-10 times in price.

So why did Binance choose to list “Neiro” instead of “Neiro Ethereum”?

Hypotheses Regarding Binance’s Motives

It is evident that Binance’s listing of a low-profile coin like “Neiro” has sparked controversy within the community. Some speculate that Binance had already accumulated enough “Neiro” and listed it to drive up the price. This hypothesis is strengthened by the fact that “Neiro” saw a 10x price increase after its listing.

Is Binance Lowering Its Listing Standards?

“It’s become a flea market!” – this is how some reacted to Binance listing “Neiro.” The question arises: is Binance lowering its listing standards to prioritize short-term profit at the expense of its long-term reputation?

It’s noteworthy that previously, Binance meticulously evaluated projects, and listings often featured high-quality projects with clear development plans. However, since the change in CEO (Changpeng Zhao stepped down as CEO, replaced by Richard Teng), Binance has frequently listed memecoins with little inherent value. As a result, the community is questioning Binance’s coin evaluation and listing processes. Additionally, this situation has discouraged community participation in Binance’s Launchpad and Launchpool programs, fearing potential “rug pulls.”

Comparison Between Low-Cap “Neiro” and Memecoin Neiro Ethereum

Criteria	“Neiro”	“Neiro Ethereum”
Market Cap	Around $20 Million	Higher
Popularity	Less known	Widely known
KOL Mentions Prior to Listing	No	Numerous

Situation After Listing on Binance:

Analysis

Everyone knows Binance is the world’s leading exchange. Binance listing an obscure coin instead of a popular one raises questions about its coin listing standards. Binance needs to be more transparent in its selection of listed projects to maintain the trust of the community.

Related Information

The Vietnamese exchange Onus has also announced the listing of Neiro today.

Conclusion

Binance’s decision to list an obscure coin instead of a popular one has sparked controversy. According to Click Digital, Binance needs to clearly explain its motives for listing this coin. They must also ensure that the exchange’s listing standards remain at the highest level. Binance’s reputation and the trust of the crypto market depend on it.