Analysis of the performance of 31 cryptocurrencies listed on Binance in the past 6 months.
Only 5 out of the 31 projects have increased in value since their listing.
Investing in each of the newly launched tokens on Binance, which involved top venture investors, resulted in a -18% return.
Listing on the exchange is more likely to be used as an opportunity to pump the price and exit the project, rather than providing additional incentives for the project's development.