Crypto currency exchange BinanceWith its announcement today Goplus Security (GPS) announced that it will add a monitoring tag to its Altcoin. This move was taken after the GPS Coin’s great price drop in the market and the suspicious behavior of a market maker (Market Maker). Binance aims to ensure that users consciously process such subcoins while watching such subcoins more carefully.
Reasons for the introduction of the monitoring tag to GPS
Binance, GPS CoinBehind the decision to add a monitoring label to the monitoring label showed the large wave of sales between March 4, 2025 and 5 March 2025. In this process, approximately 70 million number of GPS Coin was offered for sale by a certain market maker. Interestingly, the same market maker did not make purchases in this period.
AltcoinThis market maker, which makes continuous sales from the moment the spot transactions in Binance starts, approximately 5 million USDT earned. Binance temporarily suspends the account of this marketmaker.
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Since this kind of movement can create high volatility on the market, Binance, GPSHe decided to watch it tightly. Altcoins with the monitoring label on the crypto currency exchange carry higher risks than other listed Altcoins and therefore users are like this coinThey will have to pass a test before performing the transaction. Binance will carefully examine such coins and review the listing situation when necessary.
What does the monitoring label mean for an altcoin?
Binance describes subcoins with a monitoring label as high risk and volatility indicator. Users Before they process these coins Binance spot and/or Binance Margin It has to pass a risk test every 90 days on platforms. These tests are performed regularly to enable users to understand the risks. In addition, Coins with monitoring tags appear on the relevant trading pages on the platform and in the market overview page. Binance conducts regular investigations against the possibility of such coins in the future, in other words, delist in the future.
Binance also consider the commitment level, trade volume, liquidity and network safety of the project team when evaluating coins that are monitoring labels. Any negative situation related to these coins affects the listing status of the crypto currency exchange in the future. The monitoring label subcoins are more frequently controlled and appropriate steps are taken when any fraud or incorrect behavior is detected.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
