Revealed: Over 80% of Binance Token Listings Have Decreased in Value
Are you holding tokens listed on Binance, the world’s largest crypto exchange? Recent data shows that more than 80% of these tokens have seen a decline in value since their listing in the past six months. Here’s what you need to know:
Binance Listings and VC Support
- New tokens listed on Binance often have backing from top-tier venture capital firms.
- Only 5 out of 31 selected tokens on Binance have seen price increases since their launch.
Binance Tokens on the Rise
- Tokens like ORDI, JUP, WIF, JTO, and MEME, which are meme coins or projects without major VC support, have surged in value.
- ORDI, JTO, and JUP have seen significant increases of 262%, 62%, and 58%, respectively.
Tokens Backed by VCs Plummet
- Tokens like NFP, OMNI, and AEVO, which have support from top VCs, have seen drops of around 63%, 52%, and 68%.
The Impact of Binance Listings
- Investing in every new Binance listing could result in an 18% loss in the past six months.
- Many projects launch at high fully diluted values with no significant user base or community support.
Hot Take: Binance Tokens’ Performance and VC Backing
If you are considering investing in tokens listed on Binance, make sure to evaluate the backing of these projects and their potential for long-term growth. VC support can impact the performance of tokens, so understanding the dynamics between VC funding and token value is crucial for making informed investment decisions in the crypto market.
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