Author: Oliver, Mars Finance

On March 27, 2025, Binance threw out a big hit: through community voting, four new coins were launched at one time - MUBARAK, BROCCOLI714, TUT and BANANAS31, with a fast pace as if they were stepping on the accelerator. This is not a simple coin announcement, but a strategic breakthrough for Binance in the quagmire of bull market.

The embarrassment of the bull market: liquidity emergency and the harvest feast of VC

This bull market is on the surface, with Bitcoin circling at a high level, and retail investors shouting "all in" to rush into the market. But below is dry sand, liquidity is like a dry riverbed, and funds come and go faster. The market is like a huge vacuum cleaner, and the retail investors' wallets are completely sucked before they can get warm. Who is the culprit? VC (VC) coins have to take the blame. In the past few years, relying on fancy narratives and team halo, these projects have often raised sky-high valuations. When they were launched, they opened with a market value of 300 million to 500 million, and FDV (completely diluted valuation) easily soared to 1 billion or even 3 billion. The scenes of halving the new currency as soon as it is launched are common. Before retail investors can shout "to the moon", their account balance will be "to the floor" first. The project party and VC cash out and leave, leaving behind a mess.

This "upper is the peak" harvesting model not only extinguished the enthusiasm of the bull market, but also made the exchange's reputation fall to the bottom. Retail investors began to wonder: Is this bull market a wealth party or a slaughterhouse for cutting leeks? Market sentiment is sluggish, funds are scattered, hot spots are flashy, and there is a deep fatigue hidden under the halo of the bull market. Binance obviously couldn't stand it anymore. This time, the "four coins were issued together" was clearly about throwing a big stone into this stagnant pool of water and causing some waves.

Bulle market breaks the deadlock: "shock therapy" that is painful and happy

What does this "four coins are issued at the same time" mean for the bull market? In the short term, there are pains, capital diversion, retail investors complain: "The market is severely diverted, who can still rise?" Project parties also have to worry, the valuation is cut, the KOL quotation has to be reduced to 25%-35%, and even the listing fee on the exchange has to be renegotiated. A retail investor on X complained: "Voting is meaningless, Binance is teasing us." Although these words are exaggerated, they reveal the confusion of the market. But in the long run, this is the only way to "get rid of the false and keep the truth" in the bull market. Binance uses high-frequency coins to numb the market, and the coins are addedThe effect is gone, the premium is gone, and only free game remains. Projects that rely on hype and VCs to join together will be crowded like pussy; only those with real communities and scenes can break through. He Yi said it bluntly: "The projects that have money in your hands are about to get up and roll them up, and the projects that are lying down are sent to vote and deposit." This is a double alarm bell with the "vote and remove mechanism" launched by Binance early, which is simply a double alarm - if you don't, you will be eliminated. If the poor performance projects are kicked out directly, retail investors will have greater room for growth, which is much healthier than "the high premium is to break the issue price".

Binance seized the numb window period of the market, accelerated the pussy and left no breathing space. Someone analyzed on X: "The market cap of meme on the chain will be hit hard, and there is a possibility that altcoins will rise within CEX are less likely to rise." Isn't this exactly what Binance wants? Only by squeezing the bubble dry and allowing the market to return to rationality can high-quality projects surface. Retail investors suffer in the short term, but may usher in a fairer opportunity to create wealth in the long term.

Binance's strategic turn: breakout from aristocrats to a fighter

In the past, Binance was the "noble" in the exchange, with the threshold for listing coins as high as the royal gate. Projects must have backgrounds, stories, and layers of screening before they can be put on the table. At that time, a new currency was on Binance, just like getting a ticket to wealth freedom. Retail investors flocked to the market and the price soared. But now, the nobles have descended to earth. This time, the "four coins are issued at the same time", coupled with the fast pace of Alpha Channel, Launchpool, and Pancake IDO, it poses as a "wholesale market".

Cut the bubble and reprice.

Binance's recent high-frequency coins are like a pair of sharp scissors, cutting the inflated bubbles of the market to pieces. The FDV of VC coins has been cut from 1 billion to 300 million to 500 million, and the meme coins have been reduced to 50 million to 100 million. This is the actual price code after liquidity is exhausted. No matter how much money you raised with a team or a beautiful narrative in the past few years, the market is as much money as you are worth it. Industry observers pointed out that this valuation drop is a natural continuation of the bear market clearance, but Binance has taken the initiative to accelerate this process and tried to seize the commanding heights of pricing power.

Get the territory and sink to break through.

Small and medium-sized exchanges have grabbed a lot of traffic with low thresholds, and the meme projects on the chain have also made retail investors feel itchy. Binance can’t sit still, why do you want to eat meat? I can only drink the northwest wind? From Alpha to Contract, and then to spot and new stocks, the coin security line attacks, covering the entire frequency band from meme to small and medium-sized projects. Someone commented on X: "Binance is going to regain the pricing power of the market and change the system of "the end point as soon as it is on Binance." This is not unreasonable. Binance not only needs to regain traffic, but also needs to suppress the market value limit of memes on the chain and lock the attention of retail investors in their own ecosystem.

Ecological closed loop, comprehensive layout.

Binance's ambitions go beyond that. It opens up hot spots on the chain through Alpha, uses BNB chain to drive the ecosystem, binds users with wallets, and builds a closed loop from investment to transactions. The status of BNB is getting higher and higher. Everything is inseparable from new stocks, voting, and financial management. The currency price is as stable as a iron plate, and the BNB/BTC pair has not fallen. Retail investors holding BNB is like holding the "stabilizing needle" in a bull market. If BTC goes up further, BNB may become one of the hardest fundamentals.

But just as everyone was discussing Binance's strategic shift, CZ jumped out and poured cold water: "There are no gambling terms. There is no strategy (at least from my personal perspective)." This is like playing Tai Chi. Without gambling, it means it is not forced by capital. Without strategy, it has turned the market upside down. The taste of "no move is better than a move" is intriguing. Perhaps, every step of Binance is not deliberately designed, but precise grasp of the pulse of the market.

Brain Time: Binance's next card

"Four coins are issued at the same time" is just an appetizer. In the future, Binance may raise 10 20 coins in batches, turn the market into a pot and completely desensitize; or strengthen the removal mechanism to force projects to reach new heights; open up the BNB ecosystem and build a closed-loop empire from investment to transactions. It is probably getting harder for small and medium-sized exchanges to take a breath. Some people predict: "VC investment will lower its valuation again, and Binance will once again control the entire market." Although this is bold, it is not groundless. The big ship Binance is sailing towards the deeper blue ocean using seemingly random routes.

There is another interesting point: Binance's listing of coins this time is not even exposed to traffic in the "New Coin Zone", which is clearly not supportive. Some voices joked: "Binance has become cheap." This sounds harsh, but it also reflects Binance's transformation from a "selected supermarket" to a "wholesale market". It doesn’t matter whether it is cheap or not. What’s important is that it requires daily active users, transaction volume and ecological control.

Conclusion: Binance's ambitions and the redemption of the bull market

Binance's big bet is not only a helpless response to the liquidity dilemma, but also an active attack to reshape the market order. itFrom aristocrats to fighters, use high-frequency coins to cut bubbles, and use the removal mechanism to force competition. For retail investors, short-term pain is fair in the long term; for project parties, when they wake up, get up. CZ said "no strategy", and He Yi shouted "Get up and roll up quickly", and the pair sang together, and played Binance with a new trick.

The bull market rules have changed. Binance smiled and said with a smile, "Come on, reshuffle." Whoever can laugh to the end will see who runs faster. Are you ready?