Analysts note that while most new tokens on Binance lack a broad user base, they are often listed at inflated valuations.
More than 80% of newly listed cryptocurrencies on Binance, the world’s largest digital asset trading platform, have fallen in value.
In the last six months, these tokens have seen a significant drop in value since they were listed, which has unnerved investors looking for the latest cryptocurrency.
Most New Binance Tokens Post Losses After Listing
According to a May 17 post on the X platform by pseudonymous crypto researcher Flow, only five of the 31 tokens analyzed saw an increase in value, including Memecoin (MEME), Ordi Token (ORDI), Solana-based Jupiter (JUP), Jito (JTO), and Dogwifhat (WIF).