Binance has launched HYPE spot trading while leaving LIT, VVV and FLUID unlisted, DeFi (decentralized finance) researcher Ignas said in a post cited by PANews on Sept. 24. Ignas argued that CZ's statement that Binance lists tokens once they are sufficiently popular and follows users does not align with some insider allocations or the listing and promotion of low-liquidity memecoins through Binance Alpha. He also said a Binance listing can become a profit-taking event: projects must provide tokens for airdrops (free token distributions) and marketing, with those tokens ultimately reaching BNB or FDUSD holders. Some holders then sell the tokens directly as income, creating selling pressure.