After taking a look at the new coins listed on Binance recently, almost all of them have plummeted. According to the highest points, the ones with the largest declines are Protal, dym, xai, pixel, manta, etc., with declines of at least 70%. Let's take a look at some common points of these new coins to see if we can find some tricks.
1. All of these new coins (Launch pool) are invested in by Binance without exception, and other investment institutions are quite large. In terms of background and platform, they are all quite good. However, investment institutions are like a double-edged sword. Once others invest real money in you, they will definitely want to get the principal back as soon as possible. Therefore, one of the reasons for "opening high and closing low" is that institutions dump the market and withdraw the principal.
2. The circulation volume is generally between 10% and 15%, and the unlocked ratio is 80% to 90%. That is to say, after a project is launched, most of it is locked and cannot be traded. What does this mean? It must be to sell the existing circulation. After all, the cost of the project is almost 0, and the cost of VC is also extremely low.
3. Most of the new coins are in the Restaking and Gamefi tracks. A feature of Restaking is that you need to lock your position (let the leeks stay and the big guys run away first), and Gamefi currently uses an unlimited issuance model (leeks buy coins to play games, and big guys mine, sell and withdraw). The prospects of both are unclear.
4. Because it is from the Launch pool, there is a portion of BNB mining income (free), and almost every project party has airdrops. The combination of the two has too much selling pressure, and it is basically impossible for retail investors to take over in the short term.
To sum up:
Institutional investors want to recover their costs - dump the market to cash out FDV market value is too high - consensus is low, so they dare not enter
The future of the track is unclear - low consensus project airdrops - too much selling pressure, dare not enter
Therefore, friends who hold or buy these new projects in the secondary market are advised to look at other ones and avoid hanging themselves on one tree.
