Binance's current listing strategy:

1. New narrative, leading projects, high market capitalization, strong consensus with more than 10,000 addresses, popular projects that consume too much capital can't be controlled, go for contracts

2. Dragon 2, experienced an 80% adjustment, has a certain community presence, can absorb a large amount of capital, under 50 million USD (less than 10,000 addresses, recently two market capitalizations of 20 million, ACT, neiro), go for spot

3. Popular projects, high narrative ceiling, backed by major KOLs who have called out, after certain adjustments, more than 10,000 addresses. Market capitalization of 100 million USD, for example pnut