Only 5 out of 37 tokens launched on Binance this year have shown positive returns, with 4 of the successful ones being meme tokens. The main factors impacting these results include the overall market environment, the quality of projects, transaction fees, and the hype surrounding new narratives. This was noted by analyst Andrey Moh, who reported.
The general market volatility and negative sentiment have caused 32 out of 37 tokens to fall into the "red zone." The exception is NEIRO, which has seen a 294% growth since its listing in September. Also in the "green" zone are JUP, WIF, DOGS, and TURBO.
However, overall, the majority of tokens released on Binance in 2024 have lost between 30% and 80% of their value, with AEVO being the biggest loser, plummeting over 88% since its debut in March.
“If you had invested in every project listed on Binance in 2024, your current profit percentage would be just 13.5%,” noted the expert.
Projects aiming to list on Binance typically undergo rigorous scrutiny by Binance Labs, a well-known venture fund. Binance selects only those projects that have innovative products and strong communities. However, even such projects are not immune to issues that could lead to a "Monitoring Tag" due to excessive volatility, low liquidity, or other user risks. If such situations persist, the project may be delisted, which can be a significant blow to both the team and investors.
The listing process on Binance can be quite costly for crypto projects, negatively affecting investors. Listing on this exchange can cost up to 16% of the total token volume of the project. Additionally, it requires purchasing and staking $5 million in BNB. Even when listed on other exchanges, projects often incur around $2 million in listing expenses, greatly impacting long-term stability. This forces projects and venture funds to focus on achieving quick profits, creating additional pressure on token market performance.
Moreover, new trends, such as AI, DePIN
DePIN refers to decentralized networks of physical infrastructure that enable the creation and maintenance of real physical objects through blockchain and Web3 infrastructure. and RWARWA stands for the concept of tokenizing real assets and integrating them into the blockchain. It refers to any physical asset (real estate, commodities, financial securities) that is converted into digital tokens.. However, most of these areas have not yet lived up to high expectations. Since 4 out of 5 coins with positive dynamics on Binance this year have been meme tokens, this may indicate that memes, despite their simplicity, can attract a mass audience and provide short-term profits.
It is worth noting that analysts from Keyrock conducted a study of 62 airdrops across 6 blockchain networks in 2024. They found that the price of most tokens fell within the first 15 days, with a total of 88% of tokens experiencing significant declines over several months.
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