Binance Alpha Listing of Shadow Token Sparks Doubts

The listing of the Shadow (SHADOW) token on Binance Alpha has drawn criticism and confusion in the crypto community. Lacking official confirmation from either Binance or Binance Alpha, skepticism surrounds the legitimacy of this listing announcement. While PANews reported a potential May 1st listing date, no supporting documentation appears to be available. This lack of verification raises concerns about the accuracy and transparency of the platform’s listing processes. Binance’s past record in official announcements for listings typically includes clear statements that contradict these claims. Binance’s Compliance Officer, Alex Wu, acknowledged their commitment to safety and integrity, but no further clarification has been provided regarding this incident. Uncertainty surrounds Binance Alpha’s role in this event as well. Despite a reported price of $33.48 for Shadow on CoinMarketCap and trading volume exceeding $38,000 within 24 hours, the lack of official information continues to fuel community skepticism about the accuracy of cryptocurrency news dissemination. This situation raises questions about the future implications for Binance’s reputation, especially with regards to its historical reliability in listing procedures.