80% of coins listed on Binance are down in the last 6 months...average return -18
“Those who bought coins listed on Binance, the world's largest cryptocurrency exchange, in the past six months have lost around 18%,” CryptoGlobe reported, citing crypto analyst Flow, which found that “80% of listed tokens have lost value since listing. “Only five tokens have risen, MEME, ORDI, JUP, JTO, and WIF. MEME and WIF were driven by the meme trend, JUP and JTO by solar and momentum, and ORDI by the lack of tier-1 VCs.”
“Listed coins are mostly tokens backed by tier-1 VCs, with an average FDV of $4.2 billion on listing day, with some reaching over $11 billion,” the analyst added. “These projects often do not have real users or strong communities, and Binance-listed coins are no longer investment vehicles, and most of the upside potential is gone. They serve as a liquidity outlet for insiders who have already acquired tokens in advance, as retailers lack access to quality early-stage investment opportunities.”