Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ALTCOIN NEWS»Binance Listing 2024 and VC: What Went Wrong?
ALTCOIN NEWS

Binance Listing 2024 and VC: What Went Wrong?

By Crypto FlexsAugust 8, 20244 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Binance Listing 2024 and VC: What Went Wrong?
Share
Facebook Twitter LinkedIn Pinterest Email

Binance, the leading cryptocurrency exchange by trading volume, has listed 30 tokens since the beginning of 2024. However, most of these new projects have shown declining performance.

Many of the newly listed tokens on Binance were introduced at high valuations, and there are reports of major venture capital firms backing them.

Binance 2024 Listing Failure

According to Coin98 Analytics, out of the 30 tokens listed on Binance this year, only Jupiter (JUP) is in the green. Surprisingly, most tokens have recorded double-digit losses, with interest being particularly high for those with tier 1 backers.

With the exception of JUP, all 29 tokens have seen significant declines in their fully diluted value (FDV) metric, which represents the total market capitalization of an asset when all available tokens are in circulation.

Tokens backed by Binance Labs, including AI, MANTA, AXL, ENA, REZ, BB, and LISTA, have fallen between 44% and 90%. Other tokens from venture capitalists (VCs) such as a16z, Paradigm, Coinbase Ventures, Galaxy, and Pantera Capital have also seen declines.

Read more: What are the best altcoins to invest in in May 2024?

Binance 2024 listing. Source: Coin98 Analytics

But Web3 developer Vinay argues that it might be wrong to look at token performance in isolation due to market changes.

“Here’s a comparison of Binance listed projects with ETH and OP (the darling of CT, one of the biggest growth projects in the web3 space) to see their relative performance. Vs OP: 9/30 positive, 4 almost flat. Most of the worst performing projects were listed in April, by which time the market bids had died down,” Vinay wrote.

According to this analogy, out of the 30 projects compared, 9 performed positively, while only 4 remained relatively stable. This suggests that some projects remained stable despite the overall market downturn.

Binance 2024 Listing Comparison Analysis, Source: Web 3 developer

According to this analysis, the worst performing stocks were those that listed in April, when market sentiment may have shifted.

Researchers deconstruct the VC role.

Nevertheless, the report highlights the interest in Binance as an exchange for launching new projects. Possible reasons for this include the dominance of the trading platform and high liquidity. These indicators make it attractive for insiders to exit their investments in these assets.

As BeInCrypto reported in May, crypto research firm Flow credited Binance with providing liquidity to VCs.

“If you had a portfolio that invested the same amount of money every time a new Binance listing was listed, you would have lost more than 18% over the past six months,” Flow said.

Read more: How to Fund Innovation: A Guide to Web3 Grants

A recent study conducted by Dragonfly Managing Partner Haseeb Qureshi provided compelling data showing that one of the reasons for the token’s decline was because retail investors were furious and sold off after realizing that VCs owned the majority of the tokens, especially in April.

“Well, it may not have been retail investors pulling money out of VC tokens and into memes, but here’s the sub-theory: VCs owned too much of these projects, so retail investors got angry and left. They realized (mid-April?) that these were all scam VC tokens and the teams and VCs owned ~30-50% of the token supply. That may have been the straw that broke the camel’s back,” Qureshi said.

Another perspective shared in the study is that the supply of these tokens is too small to allow for value discovery.

disclaimer

BeInCrypto is committed to unbiased and transparent reporting in compliance with the Trust Project guidelines. This news article aims to provide accurate and timely information. However, readers are encouraged to independently verify facts and consult with experts before making any decisions based on this content. Please note that our Terms of Use, Privacy Policy, and Disclaimer have been updated.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025

Solana Price Eyes 103% Rally $ 300: Here is the reason.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

How $4.3 Million in Cryptocurrency Was Almost Stolen in a Phishing Scam

March 1, 2024

The XRP price chart gains 75% profit as the SEC ends a lawsuit against Ripple.

March 21, 2025

Bitcoin Layer 2 Bitlayer Raises $9M Series A Expansion at $300M Valuation

October 8, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.