PANews, December 18 news, Binance co-founder He Yi just spoke on Space, stating that most Meme coins will eventually go to zero, with only a few projects able to survive long-term, but it is difficult to define which projects will endure. Binance has listed an observation list that includes VC-supported projects, infrastructure projects, DeFi projects, and Meme coins, but some cannot be launched due to Token model issues or inflated data. To enhance transparency, Binance will place some observed projects into the Alpha zone of the Web3 wallet for users to trade and filter high-quality projects with long-term potential.
He Yi mentioned that the expansion of Binance's user base causes the market capitalization of newly listed tokens to rise quickly in the short term, but may then slowly decline. Although Binance tries to suppress token prices to a reasonable range before launch, 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 return results to users.
