Since its launch of Binance Alpha on December 18, Binance has listed a total of 38 tokens. The first phase saw most listings being ultra-high market cap tokens with less significant price increases; however, the fifth phase's WHALES experienced substantial increases due to their very small market capitalization. This article answers questions about short-term and medium to long-term token listing effects, the price fluctuation patterns of different chains, and the relationship between listing effects and market capitalization through detailed data.
Data shows that Binance Alpha has a short-term token listing effect, with a 5-minute average price change being positive, mostly contributed by individual tokens. In the medium to long term, most tokens maintain a positive price increase one hour after listing, but users who do not buy quickly may get trapped. In terms of long-term performance, the price increases of these tokens are significantly better than in the short term, making them suitable for bottom-fishing after researching quality projects.
The price fluctuation patterns of different chains vary significantly, with Solana chain leading in long-term price increases, while Ethereum has high short-term increases but limited long-term gains. The most evident short-term increases are in small-cap tokens, but there is no significant correlation between long-term gains and market capitalization.