Binance Alpha has launched its 8th token offering, expanding its product portfolio in the cryptocurrency market. The new offering includes ARC, WHY, APU, HAPPY, and FWOG tokens.
Next up is the seventh batch, which includes EVAN, BITCOIN, VISTA, AVAAI, and AITECH. These announcements are part of Binance Alpha’s efforts to increase transparency and create a more organized way for tokens to be evaluated before listing on the Binance Exchange. These tokens cover a wide range of categories, from meme coins to decentralized finance (DeFi) projects.
Market performance raises concerns
Despite Binance Alpha’s goal of improving token valuation, the performance of many of the tokens that have been launched has raised concerns among investors. According to data from “@sankin_eth” on X, 41% of the tokens launched by Binance Alpha have seen their FDV drop, leading investors to question the value of the project.
Of the 29 tokens launched on Binance Alpha, 17 saw positive returns for investors, while 12 lost value. Some of the hardest hit tokens were BOB, down 23.2% in 24 hours, and BANANA, down 14.4%.
PSTAKE also fell 7% over the same period. This decline raises concerns about the long-term sustainability of Binance Alpha's token launch strategy.
Impact and Future Prospects of Binance Alpha
Binance Alpha token sales have yet to generate a wealth effect. Some experts believe that the true potential of these tokens may not be realized until they are listed on Binance's main spot market.
Analysts have recommended that Binance Alpha should select tokens with higher FDV, ideally above a billion dollars, to increase the market growth opportunities for investors. Additionally, some have called for a delisting mechanism for poorly performing tokens, similar to the one used by Binance's main exchange.