Why did ban plummet as soon as it was listed on Binance? Why doesn't Binance list the spot trading pair for ban, only the contracts? If you want to understand the cryptocurrency market, especially meme coins, you must pay attention to the primary market. The primary market is decentralized trading. As a centralized exchange, Binance's criteria for selecting coins are that the coin must have a certain level of community consensus and should not be controlled by large traders. If the tokens of this coin are too concentrated in the hands of major players, Binance may not list the spot trading pair and will only offer contracts. As the largest centralized exchange in the cryptocurrency market, Binance's coin listings are a barometer. Once a coin is confirmed to be listed on Binance, it is a significant positive signal, and this coin will soar in the primary market. After being listed on Binance, if this coin does not have new positive developments, it will have exhausted its good news, and the situation will start to turn negative. For example, after the coin $PNUT was listed on Binance, it surged to 0.5, and with Musk continually promoting it, there was constant good news, and the price kept rising. However, such situations are rare, as most new coins experience a decline after being listed on Binance, followed by a consolidation at lower levels before gradually rising again.

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