According to on-chain analyst @ai_9684xtpa, currently 64% of the tokens in Wintermute's market-making Memecoin TOP 25 holdings are already listed on Binance, among which only 6 are listed on both spot and futures, while the rest are only listed on contracts. For market makers, this hit rate is already very high; for newly added market-making projects or those with a high holding ratio, the proportion may be even higher. Tokens not yet listed on Binance: $PEPECOIN $APU $SPX $COQ $MANEKI $michi $MOTHER $REKT: Newly added market-making project three days ago. $BENJI: The project with the lowest market cap among the TOP 25 holdings. Common characteristics of projects listed on Binance: - Community popularity is sufficiently high - Market cap greater than $10 million and less than $500 million before being listed on Binance - Wintermute's initial holding ratio is not less than 1%. Significant changes in Wintermute's holdings recently are as follows: 1. The holding ratio of NEIRO (in uppercase) has surged to 13.57%, making it the token with the highest holding ratio currently. 2. GOAT has surpassed MOODENG to become the top-ranked Memecoin in holdings. 3. The position value of POPCAT has increased to $18.1 million, ranking third. 4. REKT is its latest market-making project. Note: The above data only reflects changes in on-chain holdings; the actual results may vary significantly when including the exchange part.