How does the first round of voting affect coin prices?
Binance launched its first token vote on 3/23 and announced the results of the first round of voting on the 28th. A total of 4 major projects were ultimately listed on Binance Spot, including MUBARAK, BROCCOLI714, TUT, and BANANAS31.
However, observing the prices of these tokens, most of them reached their peak after the voting started on the 23rd and have failed to maintain upward momentum. Additionally, after the voting ended and they were listed on Binance, they continued to fluctuate and decline (the following chart uses MUBARAK as an example).
As a result, some investors are raising questions about whether Binance's voting and listing activities can truly bring substantial benefits to the projects. Some have even stated that Binance's voting and listing activities are essentially meaningless, merely aimed at boosting user activity on Binance and attracting funds to the BNB chain. Ultimately, listing coins may just provide liquidity for large holders to cash out...
However, others point out that the coins selected in Binance's first round of voting were mostly meme coins, primarily aimed at supporting the BNB chain. The difference in the second round is that the sectors selected by Binance include AI, RWA, blockchain gaming, security, and several other important fields. These tokens may exhibit different performance once listed...
