Binance co-founder He Yi just spoke at Space, stating that most Meme coins will eventually go to zero, with only a few projects capable of surviving long-term, though it is difficult to define which projects will endure. Binance has listed an observation list covering VC-backed projects, infrastructure projects, DeFi projects, and Meme coins, but some cannot go online due to token model issues or inflated data. To enhance transparency, Binance has placed some observed projects into the Alpha zone of the Web3 wallet for users to trade and filter out quality projects with long-term potential.

He Yi mentioned that the expansion of Binance's user base causes the market capitalization of newly listed coins to rise rapidly in the short term, but then may slowly decline. Although Binance tries to suppress coin prices to a reasonable range before listing, this strategy has not been widely accepted. She also compared the crypto industry to traditional IPOs, pointing out that many projects lack a real user base, and on-chain data is often inflated through methods like airdrops, leading to projects with business models being undervalued. She emphasized that only projects that are beneficial to society can achieve long-term profitability and give back results to users.