A recent report by Animoca Research revealed that tokens listed on major exchanges in 2024 experienced an average drop of 49% after being listed. The report analyzed 773 token listings on exchanges like Binance, Bitget, Bybit, KuCoin, and OKX. The findings showed that tokens with a higher market cap/fully diluted value ratio tended to perform better after listing.
The report highlighted that between January and September, tokens listed on these exchanges saw negative median performances ranging from 40% to 70%. Binance and OKX had fewer listings compared to Bybit, KuCoin, and Bitget. Bybit had the worst average and median returns, with KuCoin following closely behind.
Interestingly, tokens listed on OKX showed more resilience, with better average and median price returns compared to other exchanges. Binance had the most profitable listings, with seven tokens showing positive returns averaging 108.4%.
The report also discussed the importance of the market cap/fully diluted value ratio in determining a token’s valuation after listing. Tokens with a ratio between 0.4 and 0.6 tended to perform better, indicating established market presence and growth potential.
Overall, the report provides valuable insights into the performance of tokens after being listed on centralized exchanges in 2024. Investors can use this information to make more informed decisions when trading newly listed tokens.
