CryptoSlate - Crypto users are urged to stay vigilant as Binance’s listing of low-cap memecoins like ACT and PNUT has sparked concerns over possible pump-and-dump schemes that may primarily benefit insiders

https://cryptoslate.com/binance-under-fire-for-allegedly-listing-pump-and-dump-memecoin-schemes/

Crypto enthusiasts have raised alarms over Binance's listing of Solana-based memecoins, The AI Prophecy (ACT) and Peanut the Squirrel (PNUT), citing potential pump-and-dump risks that could harm everyday investors.

Following the listing, ACT surged over 1,000% and PNUT by 100%, sparking concerns that Binance may be prioritizing low-market-cap coins that benefit insiders.

To avoid falling victim to such schemes, users are urged to exercise caution, thoroughly research new listings, and be wary of rapid price spikes that may indicate potential manipulation.