$IO has seen a significant decline after initially gaining around 100% of its listing price. It’s now back to its listing price, leading to questions about its future trajectory.

Given the current crypto market trends, there’s a possibility that IO may continue to drop, potentially falling to 2 or less. However, if $BTC rises and maintains an upward trend, there could be a chance for IO’s recovery.

It’s worth noting that many newly listed tokens on Binance are showing a similar pattern - a rise followed by a fall to their listing price or even lower. This trend is not particularly favorable for the crypto market and Binance, as it turns new cryptocurrencies into short-term profit machines rather than long-term investments.

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