A private sale investor’s attempt to front-run a Binance listing highlights prevalent risks in the crypto market. Listing and delisting announcements, particularly on popular exchanges, tend to influence price, with forward-looking traders and investors leveraging the buy-the-rumor and sell-the-event situation. Binance Listing Fumble Costs PUMP Investor $6 Million as Token Crashes Post-Hype According to blockchain analyst Lookonchain, the investor, identified as “PUMP Top Fund 2,” transferred 2 billion PUMP tokens worth $12. 79 million to the Binance exchange at the time
source: https://beincrypto.com/binance-listing-misfire-costs-pump-investor/