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📣Crypto enthusiasts, listen up! 📣 A recent study has found that over 80% of new cryptocurrencies listed on Binance, the world's largest digital asset exchange, have seen a decline in value. 😱 According to a post by crypto researcher Flow, only five of the 31 tokens analyzed have appreciated in value: MEME, ORDI, JUP, JTO, and WIF. The most profitable was the Ordi token, which saw an increase of over 261% since its launch, despite lacking VC backing. 🚀 However, Flow warns that new coins are not great investments anymore. The average fully diluted valuation (FDV) on the Binance listing date exceeds $4.2 billion, with some tokens reaching over $11 billion. Often, these projects lack real users or a strong community. 😔 Flow suggests that many tokens launching on Binance are not viable investment vehicles, as their upside potential is already exhausted. Instead, they are exit liquidity for insiders who exploit retail investors’ limited access to early investment opportunities. 😤 Flow also criticized the current market dynamics, noting that many tokens are designed to pump and then dump due to short vesting schedules, fake metrics, and a focus on hype rather than user acquisition. 🤔 According to Flow, the current token launch meta is damaging to the crypto market, and a new approach to token launches is needed. High FDVs lead to value erosion and minimal market interest, ultimately causing the token to plummet. This approach not only harms the token but also discredits the entire crypto industry. 😰 So, folks, stay informed and invest wisely! 🧐👍

📣Crypto enthusiasts, listen up! 📣

A recent study has found that over 80% of new cryptocurrencies listed on Binance, the world's largest digital asset exchange, have seen a decline in value. 😱

According to a post by crypto researcher Flow, only five of the 31 tokens analyzed have appreciated in value: MEME, ORDI, JUP, JTO, and WIF. The most profitable was the Ordi token, which saw an increase of over 261% since its launch, despite lacking VC backing. 🚀

However, Flow warns that new coins are not great investments anymore. The average fully diluted valuation (FDV) on the Binance listing date exceeds $4.2 billion, with some tokens reaching over $11 billion. Often, these projects lack real users or a strong community. 😔

Flow suggests that many tokens launching on Binance are not viable investment vehicles, as their upside potential is already exhausted. Instead, they are exit liquidity for insiders who exploit retail investors’ limited access to early investment opportunities. 😤

Flow also criticized the current market dynamics, noting that many tokens are designed to pump and then dump due to short vesting schedules, fake metrics, and a focus on hype rather than user acquisition. 🤔

According to Flow, the current token launch meta is damaging to the crypto market, and a new approach to token launches is needed. High FDVs lead to value erosion and minimal market interest, ultimately causing the token to plummet. This approach not only harms the token but also discredits the entire crypto industry. 😰

So, folks, stay informed and invest wisely! 🧐👍

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🚨Crypto enthusiasts, listen up!🚨 Hong Kong police have nabbed three employees from a currency exchange shop suspected of crypto fraud. The arrest followed a customer's report of encountering "hell money" (used in traditional Chinese rituals) before executing a crypto transfer worth about HK$1 million. 😱 The suspects, aged 31 to 34, allegedly presented stacks of hell banknotes, each with a face value of HK$500, and convinced the victim to transfer Tether (USDT) to a crypto wallet they provided. Once they received the virtual currency, they failed to fulfill their agreement and left the victim empty-handed. 🕵️‍♂️ In Hong Kong, fraud can lead to a whopping 14 years in prison, while obtaining property by deception could result in a maximum sentence of 10 years. The authorities have urged residents to be cautious when conducting transactions and to opt for reputable crypto exchange shops. 🚔 This isn't the first crypto scam in Hong Kong. Recently, three teenagers were arrested, and a 19-year-old was rescued after being lured with the promise of meeting people and trading crypto assets. In another case, a housewife lost HK$7.1 million ($908,000) after being duped into investing in cryptos through a scam platform on Instagram. 📉 Stay vigilant, folks! While we're all for the rise of BTC, it's crucial to keep an eye out for scams. Always remember to check the legitimacy of the platform and the security features of banknotes. Stay safe in the crypto world! 💪🔒
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