In a recent analysis, Binance Alpha, the innovative feature within Binance’s Web3 Wallet, completed the listing of 29 new tokens over the past week. However, more than 40% of them have seen a sharp decline in value, leading investors to question whether Binance Alpha projects are really worth pursuing.

According to information shared on X by @sankin_eth, out of the 29 tokens launched on Binance Alpha, 17 tokens have generated profits for investors, while 12 tokens, accounting for 41% of the total, have recorded a decline in Fully Diluted Value (FDV) compared to their initial listing price.

The market capitalization of these tokens has changed significantly in a short time, with the highest value nearing one billion dollars and the lowest just above ten million dollars. Binance Smart Chain (BSC) accounts for 41.4% of the listed assets.

When categorizing tokens by theme or 'story', tokens related to artificial intelligence (AI), animal-themed memes, and DeFi stand out the most.

Although some tokens saw strong growth after being announced, many others recorded significant declines. BOB had the sharpest drop, losing 23.2% of its value within 24 hours, while BANANA decreased by 14.4%. PSTAKE also experienced a decline, although not as severe, with a drop of 7% during the same period.

Meanwhile, the Solana memecoin Fartcoin (FARTCOIN), released in the second phase of the project, has recorded a 16% decrease in FDV. The DeFi tokens SYRUP and SD, launched in the same batch, also faced a similar fate with decreases of 15% and 21% respectively.

Volatility in small-cap tokens

Furthermore, tokens with smaller market capitalizations have shown great volatility, with tokens like Shoggoth, FROG, BOB, TERMINUS, and GNON leading in increases, each rising over 100%. In contrast, APX and GRIFFAIN recorded the sharpest declines at 28% and 25% respectively.

According to @sankin_eth, Binance Alpha has not yet created a significant growth effect, showing that the real potential can only be realized when these tokens are listed on Binance's main spot market. This expert recommends that Binance Alpha consider listing tokens with higher FDV, ideally over one billion dollars, to create greater growth opportunities for secondary market investors.

Additionally, they emphasized the need to diversify currencies and implement a delisting mechanism for poorly performing tokens, similar to the strategy Binance is applying for assets on its main exchange, in order to maintain a quality asset portfolio.

Binance US is set to restore USD services in 2025

Binance US, the American subsidiary of Binance, is preparing to restore services in US dollars, with a goal to launch in early 2025, according to interim CEO Norman Reed. He stated that the exchange is closer than ever to bringing USD services back, aiming for completion in early 2025.

"We are getting very close to redeploying USD services and are focused on achieving this milestone by early 2025," Reed said, emphasizing Binance's commitment to providing low fees and high rewards to strengthen its position in the competitive crypto market.

This announcement comes after Binance CEO Richard Teng recently shared that discussions about restoring services in the United States are still too early.

Binance US launched in 2019, providing regulated crypto trading services for users in the United States. However, the exchange faced significant challenges in June 2023 when the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Binance US, accusing the company of not properly registering as a securities exchange and violating multiple regulatory requirements.



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