More than 80% of the latest token listings on Binance are experiencing losses.

Binance, the world’s largest cryptocurrency exchange in terms of trading volume, is experiencing a concerning trend with over 80% of newly listed cryptocurrencies falling in value. This raises implications for investors seeking the latest digital currencies. Out of the 31 tokens analyzed, only five have seen appreciation, including Memecoin (MEME), Ordi (ORDI), Jupiter (JUP), Jito (JTO), and Dogwifhat (WIF). The challenging market environment is evident in the fact that most newly-launched tokens are in the red. Anndy Lian, an intergovernmental blockchain expert, explains that the cryptocurrency market is currently calm, with some altcoins trending, but lacking overall momentum. Despite this, the new tokens listed on Binance have a high valuation, averaging over $4.2 billion, despite not having a real user base. This limits their potential for significant gains. The Ordi token, without any venture capital backing, has been the most profitable, showing a 261% increase since launch. Dogwifhat, a controversial memecoin, takes second place with a price increase of over 117%. According to Lian, retail interest is driving the growth of memecoins, which can operate independently from the altcoin market segment. The recent hype around memecoins is evident as Pepe (PEPE) reached a new all-time high, surpassing $0.000010, shortly after Keith Gill, credited with initiating the 2021 GameStop short squeeze, returned to social media. One savvy Pepe trader turned an initial investment of $3,000 into $46 million within a month during Pepe’s rise.