Binance Alpha Tokens See Price Drop After Launch

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Binance Alpha is a new addition to the Binance Wallet. It highlights early-stage crypto projects with potential for future listings. Although many investors were initially excited, the performance of these tokens has been underwhelming.

Investor @sankin_eth shared data showing that 12 out of 29 tokens announced last week now have lower Fully Diluted Valuations (FDV) than before. Only four tokens among the top performers doubled in value. At the time of listing, these tokens had market caps between $10 million and $20 million.

Binance Alpha aimed to increase transparency in token reviews and help traders identify promising projects. However, the underperformance of these tokens contrasts sharply with the better-performing tokens on Binance’s main platform. Tokens like PNUT and ACT, for example, saw their values increase tenfold after being listed.

The tokens featured on Binance Alpha cover various themes such as AI, DeFi, Meme Coins, and DeSci. These tokens span blockchains like Ethereum, Solana, and BNB Smart Chain (BSC). Notably, BSC-based tokens make up 41% of the list.

Market observers, including investor Dov, attribute the lackluster performance to current market conditions.

Binance recently introduced five new tokens on Alpha: MGP, ZEREBRO, COOKIE, WHALES, and ORDER. However, Binance later removed MGP, as reported by WuBlockchain.

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