In terms of transaction volume, Binance, still the largest cryptocurrency exchange, has made a new decision regarding listings. Yesterday, a report prepared by Flow that we shared discussed Binance’s recent listings. According to this, projects supported by large fund companies experienced losses of up to 50% or even more after being listed on Binance.
Binance Listings
The view that Binance’s listings have now turned individual investors into “exit liquidity” has started to spread. The report published by Flow also confirms this and shows a completely opposite picture compared to previous years after the listing. Very few altcoins now reach new peaks after being listed; generally, they get stuck at lower levels with large and continuous sales following the listing.
Now Binance has published an announcement indicating that it will take steps in this regard and wrote the following:
“Binance is committed to promoting a healthy and sustainable market environment and always prioritizing the interests of our users. In recent months, we have observed a trend towards tokens launched with high valuations and low initial circulation supply. Binance is leading the participation of small and medium-sized projects to promote a healthy sector involving various market participants, including those with low and medium valuations. We invite such high-quality teams and projects to apply to our listing programs, including direct listing, Launchpools, Megadrop, and more. We hope to enhance the development of the blockchain ecosystem by supporting small and medium-sized projects with strong fundamentals, an organic community base, a sustainable business model, and dedicated teams acting as responsible industry participants.”
A new era will begin where projects with lower valuations will be prioritized. This step, based on more reasonable valuations and token allocations, aims to revive investors’ interest in new altcoins for organic and sustainable sector growth.
