Binance Alpha, a newly integrated feature on Binance Wallet, is designed to highlight early-stage crypto projects with the potential for future official listing on the exchange.
Many investors were excited about this new feature. However, statistics indicate that not all tokens listed under the feature increased in value.
Binance Alpha fails to create impact as expected
Binance created Binance Alpha as a pre-listing token selection platform to increase transparency in the token review process for listings on the exchange. This platform allows traders to identify truly promising projects and improve their ability to predict listings on Binance more effectively.
Investor @sankin_eth pointed out that 12 of the 29 tokens announced on Binance Alpha saw their FDV drop. The top four tokens doubled in value, with markets between $10 and $20 million.
Tokens listed through Binance Alpha have underperformed compared to those listed on the exchange’s main platform. For example, PNUT and ACT recently experienced tenfold increases following their spot market listings on Binance.
Binance Alpha has not yet created any significant impact. Perhaps the situation will improve when a project is listed on the spot market. These tokens have market caps ranging from $10 million to $1 billion, but the difference is quite large. I believe that focusing on projects with a FDV of $100 million or more is more likely to ensure price growth, investor Sankin commented.
Tokens Listed on Binance Alpha. Source: sankin_eth
Furthermore, the tokens introduced by the feature span multiple market themes, including AI Agents, AI, DeFi, Memecoins, and DeSci, across multiple blockchains such as Base, Ethereum, Solana, and BNB Smart Chain (BSC). BSC-based tokens dominate the list, comprising 41% of the total.
Investor Dov attributes the underperformance of Binance Alpha tokens to general market conditions.
Due to the current unfavorable market environment, the community’s attention towards Binance Alpha has decreased. I hope that Binance Alpha projects will improve over time, investor Dov commented.
At the time of reporting, Binance had just announced a new batch of five tokens: MGP, ZEREBRO, COOKIE, WHALES, and ORDER. However, according to market observer WuBlockchain, Binance later delisted the MGP token.
The article 40% of Binance Alpha tokens drop after announcement appeared first on BeInCrypto Brasil.
