According to Wu, based on analysis by @ai_9684xtpa, currently 64% of the tokens in Wintermute's market-making Memecoin TOP25 holdings have been listed on Binance, of which only 6 have been listed on both spot and futures, while the others have only been listed on contracts. For market makers, this hit rate is already very high; for recently added market-making projects or projects with a higher holding ratio, the rate may be even higher. Tokens not yet listed on Binance include: PEPECOIN APU SPX COQ MANEKI michi MOTHER REKT BENJI. Common characteristics of projects listed on Binance: the community has sufficient enthusiasm; the market capitalization before listing on Binance is greater than 10 million USD and less than 500 million USD; Wintermute's initial holding ratio is no less than 1%.