Binance News: MUBARAK’s 40% Drop After Binance Listing Sparks Concerns Over CEX Listing Quality

Recent developments in the cryptocurrency market have raised significant concerns, particularly regarding the quality of listings on centralized exchanges (CEXs). One such incident involves MUBARAK, a meme coin that has seen a steep decline in value since its listing on Binance.

MUBARAK Dropping 40% Despite Binance Listing Sparks Concerns

MUBARAK, a meme coin, has dropped 40% since its Binance listing, reigniting concerns about the quality of recent listings on centralized exchanges. This incident came alongside scrutiny over speculative meme coin launches like JELLY, which triggered a short squeeze and dragged HYPE down. Critics argue that these incidents undermine trust in both DeFi and CEX platforms. The steep drop in MUBARAK has specifically raised questions about the listing processes on Binance, which recently ended its first listing vote with BROCCOLI and Tutorial surging.

Dogecoin: 76.65% of Traders Bet on DOGE’s Rise, Liquidation Risks Loom

The market sentiment surrounding Dogecoin [DOGE] remains bullish, with 76.65% of traders on Binance Futures holding long positions. This suggests short-term price appreciation is expected. However, a high concentration of long positions raises liquidation risks, indicating potential market correction. Technical analysis and the MVRV ratio suggest Dogecoin may struggle to surge in the short term, potentially leading to heightened volatility.