<ul><li>Binance is facing criticism for listing Solana-based memecoins, The AI Prophecy (ACT) and Peanut the Squirrel (PNUT), which raised concerns of a possible pump-and-dump scheme.</li><li>Following the unexpected listing by Binance, ACT surged over 1,000% and PNUT saw a rise of around 100% in value.</li><li>The listing strategy for memecoins led to a petition challenging Binance's practices, claiming that it promotes unfair launches benefiting insiders while harming retail investors.</li><li>There are speculations that Binance may be embracing memecoins to prevent users from moving to decentralized exchanges.</li></ul>

Binance under fire for allegedly listing pump-and-dump memecoin schemes

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