More than 80% of Binance’s recent token listings are experiencing losses.

More than 80% of the cryptocurrencies recently listed on Binance, the world’s largest cryptocurrency exchange, have experienced a decline in value. This poses a concern for investors seeking out new digital currencies. Out of the 31 tokens analyzed, only five have seen an increase in value, including the memecoin (MEME), the Ordi token (ORDI), Solana-based Jupiter (JUP), Jito (JTO), and Dogwifhat (WIF), according to crypto researcher Flow. The fact that over 80% of these newly launched tokens are in the red reflects the challenging market conditions, according to blockchain expert Anndy Lian. Lian further stated that although certain altcoins are still popular, the overall market lacks momentum. Pseudonymous researcher Flow also noted that the tokens listed on Binance have an average fully diluted valuation of over $4.2 billion, despite not having a substantial user base. This limitation could significantly impact their potential for growth. The Ordi token, despite not having venture capitalist backing, has proven to be the most profitable, with a 261% increase since its launch. The controversial memecoin Dogwifhat comes in second place with a 117% price increase. Lian explained that retail interest is driving the growth of memecoins, which can operate independently from the altcoin market. Pepe, another memecoin, reached a new all-time high of over $0.000010 on May 13, following the return of Keith Gill, who is credited with starting the GameStop short squeeze. Taking advantage of the retail hype, one savvy Pepe trader turned $3,000 into $46 million within a month during Pepe’s recent surge.