The post Over 80% of recent Binance token listings are bleeding red appeared on BitcoinEthereumNews.com.

Most of the newly launched tokens function as “exit liquidity” for insiders capitalizing on the lack of retail access due to their high initial fully diluted valuation. Over 80% of newly listed cryptocurrencies are in the red on Binance, the world’s largest cryptocurrency exchange in terms of trading volume. More than 80% of the tokens listed during the past six months have fallen in value since their listing, raising concerning implications for investors looking for the newest cryptocurrencies. From the 31 analyzed tokens, only five coins have appreciated, including Memecoin (MEME), Ordi (ORDI), the Solana-based Jupiter (JUP) token, Jito (JTO) and Dogwifhat (WIF), according to pseudonymous crypto researcher Flow’s May 17 X post: Read more Source: https://cointelegraph.com/news/over-80-binance-token-listings-loss-red

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Filed under: News - @ May 18, 2024 10:14 am