In the vast expanse of the cryptocurrency market, a crimson tide of despair washes over the digital realm, as if the very fabric of value is unraveling. Yet, amidst this desolation, a flicker of hope emerges-a lesser-known altcoin, Momentum (MMT), ascending like a phoenix from the ashes of neglect.
The behemoth of Binance, with its omnipotent hand, extended its patronage to the obscure token Momentum (MMT), embedding it within the labyrinthine corridors of its platforms, from the Simple Earn to the treacherous waters of Futures trading. A mere announcement, yet it ignited a conflagration of speculation, propelling MMT to heights previously reserved for the most revered of cryptocurrencies.
The Impressive Pump
For a fleeting moment, MMT breached the sacred threshold of $4, its market cap ascending to the celestial realm of $800 million. Yet, as swiftly as it rose, it fell back to earth, settling at $1.16, a 160% ascent, a fleeting mirage in the desert of speculation. One might wonder if this was a triumph of faith or a dance with the devil.
Such reactions are not uncommon, as Binance’s endorsement acts as a siren’s song, luring investors into the abyss of liquidity and visibility. Yet, in the shadows, whispers of deceit echo-some, like the enigmatic X user Honey, label this venture a scam of epic proportions, where 114 million in liquidations were shed within a mere 24 hours, a testament to the merciless tides of market forces.
$MMT Biggest Scam in Crypto History! 🤡
114M liquidated in a newly listed coin within just 24h
The highest short liquidation across the entire market
Even $BTC’s total short liq. is just 56M
A few whales got wiped out alone with nearly 50M in losses
Pure manipulation at its finest 🧠💸– Honey (@Honeyxgpt) November 5, 2025
Other Binance Moves
Yet, as the Binance titan extends its hand to one, it withdraws it from others, casting them into the shadows of oblivion. The spot trading pairs of INIT/BNB, IOTX/BTC, and others were severed, their fates sealed as the market’s pendulum swings with the indifference of a despot. Recall the end of October, when Flamingo (FLM), Kadena (KDA), and Perpetual Protocol (PERP) met their doom, their values plummeting like stones into the void.
Earlier this month, KDA faced another tribulation, as Binance closed all positions and conducted an automatic settlement on the KDA/USDT perpetual contract. Axie Infinity (AXS) and Theta Network (THETA) also succumbed, their fortunes sinking like ships in a storm, victims of the relentless whims of the exchange.
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2025-11-05 19:11