'Binance Pump' Doesn't Exist Anymore as Listed Tokens Mostly Lose Value

Binance used to create enormous demand for tokens by simply listing them; today, it is not the case

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Only five tokens have increased in price compared to their listing time: ORDI +261.9%, JTO +62%, JUP +58%, WIF +117%. The biggest decliners include NFP -62%, PORTAL -69%, AEVO -68%, SAGA -63%, DYM -55%, AXL -55%, BOME -55%, W -58%. The average FDV when Binance listed these tokens was as high as $4.2 billion.Most of the new Binance listings are tokens backed by tier-1 VCs and launch at inflated valuations. The average FDV on Binance listing dates is over $4.

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