The truth came to light

In April 2024, U.S. prosecutors formally filed criminal charges against CZ, who was eventually sentenced to four months in prison. CZ was released at the end of September this year.

CZ BNB

@CZ

Before the Return

Our analysis focuses on new spot listings on Binance.

After the Return

Our analysis focuses on new spot listings on Binance.

Data analysis

Before CZ's return, a total of 4 non-launched projects and 13 first-launched projects were launched, with Meme & LSD & L1L2 Chain as the main tracks. Due to the small number of non-launched projects, it is difficult to analyze based on market value. The one with the smallest market value is Neiro, which was launched at only 16m; the one with the largest market value is TON, with a market value of 13.7 billion when it was launched.

After CZ's return, a total of 9 non-launched projects and 7 launched projects were launched, with Defi & Meme as the main tracks. In terms of the market value of new tokens, the MC of half of the tokens is less than 100m, and the average market value is 142m.

Strategy changes

It can be clearly seen that there is a significant change in strategy after CZ's return.

  • New changes for non-launched projects:

First: TGEs were often held 1-2 years ago, mainly Defi infrastructure protocols, and most of them have stable income, such as Orca, ACX, Thena, Cetus, COW, and VELO.

Second: Meme coins with strong communities, the most typical of which are ACT and PNUT.

  • Analyze the changes from the perspective of currency attributes:

After CZ's return, he paid more attention to the BNB Chain ecosystem. Combined with the new contracts, WHY, Cheems, and KOMA are all BNB Chain's top memes, and the old Defi protocol Thena was newly listed on the spot, which was an operation that had never happened in the past few months.

  • In terms of market value:

Among the new non-initial tokens listed after the return, none has a market value of more than 300m, and nearly half of the tokens were less than 100m before listing. For a company of Binance's size, listing these coins with lower market value will also help everyone discover their value.

Summarize

  1. There will be old coins on the meeting, and there will be a stable income agreement

  2. BNB Chain Ecosystem Projects at the Conference

  3. Coins with low MC & FDV will be listed at the meeting

  4. The less popular coins discussed at the meeting

  5. At the meeting, CZ's own narrative

Attachment: Complete form