Former Binance BD Chase claims crypto prices are driven mainly by liquidity, attention, and token structure.
He added that the market lacks long-term vision and is often focused on short-term gains.
Binance co-CEO Yi He clarified Chase had no listing authority and worked only in business development.
A former business development staff member from Binance, known as Chase, claimed that market manipulation in crypto is open and common, driven by short-term profit rather than long-term value.
Chase made the comments during a YouTube interview with Yuzheng Sun. He said crypto asset valuation mainly depends on three factors, i.e., liquidity, market attention, and token distribution structure.
According to him, these factors determine price direction over a short to medium period, from 7 days to 3 months.
Manipulation is Visible
The former Binance employee argue…
Read The Full Article Ex-Binance Staff Raises Crypto Manipulation Concerns, Yi He Responds On Coin Edition.