"90% of Coins Listed on Binance This Year Record Losses"

It has been revealed that about 90% of the virtual assets (cryptocurrencies) listed on Binance this year are being traded at prices lower than their listing prices.

On the 2nd (local time), a dethective virtual asset analyst stated on X, "90% of the virtual assets listed on Binance this year are at a loss," and revealed that only 3 out of the 27 virtual assets listed this year are being traded at prices higher than their listing prices. He continued, "The remaining 24 virtual assets have recorded an average decline of 44%," adding, "In fact, investors were used as a liquidity outlet. There was no chance to make money."

Furthermore, he emphasized that Binance should be more careful in selecting virtual assets to list. He stated, "If the largest virtual asset exchange lists only junk tokens, new investors will define virtual assets themselves as a scam," and conveyed that only projects good enough to be listed on the exchange should be listed.