Summary
- Arthur Hayes, co-founder of BitMEX, argued that cryptocurrency projects should lower their initial listing prices.
- He stated that the recent decline of Berachain on a centralized exchange was due to its high listing price.
- Projects with upcoming token generation events should adjust their listing prices to create wealth with investors.
There is an argument that cryptocurrency projects should lower their initial exchange listing prices.
On the 9th (local time), Arthur Hayes, co-founder of BitMEX, stated on X, "Founders with upcoming Token Generation Events (TGE) should set their initial listing prices low," while sharing a chart of the recently listed Layer 1 Berachain (BERA) on a centralized exchange (CEX).
He further explained, "This decline is not because Berachain is a poor project. It occurred because the listing price was too high," emphasizing the importance of creating wealth together with investors.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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