Binance清單：從炒作到傷心欲絕！

本文探討了此問題的程度，強調了特定案例，並提出了對Binance上市策略信心下降的原因。

Recently, the consistently poor performance of tokens listed on Binance has caused widespread disappointment in the crypto market.

最近，在Binance上列出的代幣的表現持續不佳，這在加密貨幣市場上引起了普遍的失望。

Out of the 27 tokens listed by Binance in Q1 2025, only two have shown price gains, while the remaining 89% have plummeted, with some losing up to 90% of their value. This stark underperformance has sparked skepticism among investors, eroding trust in Binance as a platform for quality projects. Instead, many now view Binance listings as a predictable cycle of hype, pump, and dump.

在第1季度Binance列出的27個代幣中，只有兩個顯示了價格上漲，而其餘的89％卻暴跌了，其中一些損失了其價值的90％。這種表現不佳的表現不佳引起了投資者的懷疑，侵蝕了對binance的信任，作為高質量項目的平台。取而代之的是，許多人現在將二元列表視為可預測的炒作，泵和轉儲的周期。

This article delves into the extent of this issue, highlighting specific cases and suggesting reasons behind the declining confidence in Binance’s listing strategy.

本文深入研究了這個問題的範圍，強調了特定案例，並提出了對Binance上市策略信心下降的原因。

The data reveals a grim picture of the tokens listed on Binance in Q1 2025. Out of the 27 tokens listed, only $LAYER has shown gains of 86.73%, and $FORM has minimal gains of 5.68%. The remaining tokens have suffered significant losses.

該數據揭示了第1季度2025年binance上列出的令牌的嚴峻圖片。在列出的27個令牌中，只有$ layer的增長率為86.73％，$ form的增長率為5.68％。其餘的令牌遭受了巨大的損失。

For instance, $TRUMP, a meme coin hyped as having links to political narratives, has crashed by over 70% since listing due to massive sell-offs that dropped the token to $0.0085. Similarly, $MUBARAK and $PARTI followed a familiar pattern: a brief pump pre-listing, and then a sharp dump post-listing as large holders, or "whales," liquidated their positions.

例如，特朗普（Trump）$ trump炒作是與政治敘事有聯繫的，自從上市以來，由於大量售罄，將令牌降至0.0085美元以來，已墜毀超過70％。同樣，$ mubarak和$ parti遵循了熟悉的模式：簡短的泵前上市，然後作為大型持有人或“鯨魚”急劇列出了尖銳的轉儲，將其置於其位置。

$TRUMP recent performance – Source: Binance

$特朗普最近的表演 - 資料來源：binance

This consistent underperformance has led investors to question Binance’s vetting process. Many now suspect the exchange prioritizes projects willing to pay high listing fees over those with strong fundamentals.

這種一致的表現不佳使投資者質疑Binance的審查過程。現在，許多人懷疑該交易所優先考慮願意支付高基本面的項目的高額上市費用的項目。

The perception that Binance has become a "dumping ground" for low-quality projects is gaining traction, with communities on X even launching hashtags like #BoycottBinance. Investors increasingly perceive Binance listings as a warning sign rather than an endorsement, which stands in stark contrast to the exchange’s previous reputation.

人們認為binance已成為低質量項目的“傾銷場所”的看法正在引起人們的關注，X上的社區甚至啟動了#BoyCottBinance等主題標籤。投資者越來越多地將二元清單視為警告標誌，而不是認可，這與交易所以前的聲譽形成了鮮明的對比。

Why Binance Listings Are Crashing Hard

為什麼Binance列表崩潰了

A toxic mix of greed, market dynamics, and strategic missteps led to the catastrophic price drops of tokens listed on Binance in 2025. From sky-high listing fees to a meme coin obsession, here’s why newly listed tokens are bleeding value faster than ever.

貪婪，市場動態和戰略性失誤的有毒混合物導致2025年在Binance上列出的代幣的災難性價格下降。從天空高的上市費用到模因硬幣的痴迷，這就是為什麼新列出的象徵的速度比以往任何時候都更快。

1. Listing Costs Are Draining Projects Dry Before They Fly

1。清單成本在飛行之前乾燥項目乾燥

Binance’s listing process isn’t just a pay-to-play game—it’s a resource sink that can cripple projects. Securing a spot on the exchange demands millions of dollars in fees, forcing projects to pour nearly all their financial and operational muscle into the listing itself.

Binance的上市過程不僅是一個付費遊戲，而且是可能削弱項目的資源匯。確保在交易所獲得一席之地需要數百萬美元的費用，迫使項目將其幾乎所有的財務和運營肌肉都倒入上市本身。

This all-in bet leaves thinly backed projects, which lack robust backers or clear long-term strategies, dangerously exposed. This is exemplified by tokens such as $MUBARAK and $PARTI, which experienced tremendous hype during their pre-listing phase and expended significant resources to secure a spot on Binance. However, their post-launch collapse occurred due to weak fundamentals and stretched budgets that failed to sustain growth.

這個全面的賭注留下了稀薄的項目，這些項目缺乏強大的支持者或清晰的長期策略，危險地暴露了。諸如$ mubarak和$ parti之類的代幣說明了這一點，它們在上市的階段經歷了巨大的炒作，並花費了大量資源來確保binance的位置。但是，他們發出後的崩潰發生是由於基本原理疲軟和未能維持增長的預算伸展而發生的。

With no runway left to innovate or execute, these projects falter, their prices tanking—$MUBARAK alone plunged 70%—leaving investors burned and wondering if Binance is a springboard for success or a graveyard for overextended dreams.

由於沒有跑道進行創新或執行，這些項目搖搖欲墜，他們的價格（$ Mubarak）跌落了70％ - 投資者燃燒了，並想知道Binance是成功的跳板還是墓地過度延伸的夢想。

2. Binance’s Liquidty Trap Is the Final Stop for a Perfect Dump

2。二元液體陷阱是完美垃圾場的最後一站

Binance, with its daily trading volume often surpassing $20 billion, is the preferred destination for projects seeking to cash out. This high liquidity makes it the ideal “final stop” for whales and insiders to unload massive token supplies, triggering brutal pump-and-dump schemes.

Binance的日常交易量通常超過200億美元，是尋求兌現的項目的首選目的地。這種高流動性使其成為鯨魚和內部人員卸載大量令牌供應的理想“最終停止”，從而觸發殘酷的泵送和降低計劃。

Take $MUBARAK: hyped pre-listing, it soared briefly before crashing over 70% as large holders dumped billions of tokens, and similar activity drove $TRUMP down 70% post-listing. These dumps, often coordinated by market makers like Wintermute, are facilitated by Binance’s deep liquidity.

以$ Mubarak的速度：炒作前上市，在大量持有人拋棄數十億個令牌時墜毀了70％以上，並且類似的活動驅使$特朗普下班後下降了70％。這些垃圾場經常由像溫特穆特這樣的做市商協調，這是由Binance的深厚流動性促進的。

Source: TradingView

資料來源：TradingView

3. Other Factors Forming a Recipe for Disaster

3。構成災難食譜的其他因素

The broader crypto market in 2025 is a graveyard of confidence, amplifying Binance’s listing woes. The Fear & Greed Index has languished in Fear to Extreme Fear since January, reflecting retail investors’ retreat amid global trade tensions, such as the spike in U.S.-China tariffs to 125%. Furthermore, the liquidity drought makes new tokens easy prey for volatility spikes.

2025年，更廣泛的加密市場是一個信心的墓地，擴大了Binance的上市困境。自1月以來，恐懼和貪婪指數一直在恐懼中恐懼，反映了全球貿易緊張局勢的散戶投資者的撤退，例如美國 - 中國關稅的激增至125％。此外，流動性乾旱使新的代幣輕鬆捕食波動率。

Source: Binance

資料來源：binance

Worse, Binance’s obsession with meme coins like $TRUMP and $MUBARAK is spectacularly mistimed. The meme coin craze that fueled in late 2024 has fizzled in 2025’s bear market, with investors craving projects offering real-world utility. Binance’s failure to adapt to a market demanding substance over sizzle is torching its reputation.

更糟糕的是，Binance對$ TRUMP和$ Mubarak等模因硬幣的痴迷被散佈在巨大的雜耍中。 2024年底引發的模因硬幣熱潮在2025年的熊市中浮現，投資者渴望提供現實世界的公用事業。 Binance未能適應要求對Sizzle的市場苛刻物質的聲譽。

Other factors include aggressive

其他因素包括侵略性