Binance Faces Criticism Over Token Losses, Market Manipulation Allegations, and FDUSD Depegging
Binance, the largest cryptocurrency exchange, is under fire as the majority of tokens listed have reported negative returns, enhancing skepticism about its listing processes. In 2025, nearly all tokens, except one out of 30 listed, suffered losses. The ACT meme coin notably plummeted due to significant market maker sell-offs, triggering concerns over the credibility and integrity of Binance’s token listings. The FDUSD stablecoin, linked to Binance, has also depegged, intensifying fears of market manipulation and insider leaks. Increasing frustration has led to social media campaigns like #BoycottBinance, demanding greater transparency and prioritization of quality over listing fees. The exchange is criticized for allegedly favoring large players over retail traders. Calls for better oversight, transparency, and control over listings grow louder as Binance has remained largely silent amid these controversies, potentially affecting its reputation and market trust.
Bearish
The continuous negative returns from Binance-listed tokens, the ACT token plummeting after market sell-offs, and the depegging of FDUSD raise serious concerns regarding market manipulation, insider trading, and transparency. These elements contribute to an erosion of trust among traders, leading to calls for boycotts and oversight reforms. As such controversies threaten Binance’s credibility and its user base, they introduce significant uncertainty into the market, which historically results in downward price pressures.