$XNY As previously speculated, projects like XNY, which rise continuously from the bottom without any news, eventually get listed on Binance contracts.

In fact, once a project finishes its initial launch on Binance Alpha and then lists on other secondary exchanges, it's generally difficult to attract significant buying power that allows the project team to liquidate and recoup their investment. Especially now that everyone is focusing on trading contracts instead of spot trading.

Thus, the largest Binance contract has become the target for all project teams in this wave.

This way, they can create fluctuations through other exchanges and on-chain activities, allowing all passersby to participate in long and short trades through the contract, ultimately completing the entire liquidation plan.

Currently, projects that have launched on Alpha include:

· Have VC financing (accounts with funds)

· Market makers willing to provide margin support (betting together on the contract)

· Continuously making noise in the market

· Coin prices showing unusual movements, beginning to approach a market cap of 100 million

All of these can be included in this observation list.