儘管初始泵很強，但98％的Binance上市代幣最終傾倒了

雖然Binance仍然是代幣清單的最突出的交換，但Cryptoninjas和Storible的一項研究表明，98％的令牌

The largest cryptocurrency exchange by trading volume, Binance, is often a focus for crypto traders and investors.

通過交易量，最大的加密貨幣交易所Binance通常是加密交易者和投資者的重點。

A study by CryptoNinjas and Storible has revealed that 98% of tokens listed on Binance eventually dump, despite experiencing a strong initial price surge. The findings are part of a broader analysis of 389 tokens listed in 2024 across six major centralized exchanges (CEXs): Binance, Bybit, OKX, Coinbase (NASDAQ:), Bithumb, and Upbit. The goal of the study was to assess the impact of CEX listings on token performance. The data was gathered between February 2 and February 4, 2025.

Cryptoninjas和Storible的一項研究表明，儘管經歷了強勁的初始價格上漲，但在Binance上列出了98％的令牌。這些發現是對2024年在六個主要集中式交易所（CEXS）中列出的389個令牌的更廣泛分析的一部分：Binance，Bybit，Okx，Coinbase（Nasdaq :)，Bithumb和Upbit。該研究的目的是評估CEX列表對令牌性能的影響。數據是在2025年2月2日至2月4日之間收集的。

The study found that tokens listed on Binance, the most prominent exchange for token listings, typically experience a substantial price pump upon listing, with an average increase of 87%. However, this surge is later followed by a significant decline.

該研究發現，在列表上最突出的交換二元交易所列出的代幣通常會在列表時經歷大量的價格泵，平均增長了87％。但是，隨後發生這種激增，大幅下降。

While 46% of Binance-listed tokens reach their all-time high (ATH) at listing and never surpass it, on average, Binance-listed tokens undergo a 70% price decline from their listing price.

雖然46％的Binance上市代幣在上市時達到了歷史最高（ATH），但平均而言，Binance上市的令牌的價格從上市價格下降了70％。

The researchers also noted that most tokens experience a sharp price surge at listing, followed by a significant dump.

研究人員還指出，大多數代幣在上市時經歷了急劇的價格上漲，然後是重大轉儲。

The data that CryptoNinjas and Storible collected showed that CEX listings trigger a 54% price surge on average at launch, where 37% of tokens hit their all-time high at listing but never surpass it again.

Cryptoninjas和可靠收集的數據表明，CEX列表在發佈時平均觸發了54％的價格漲幅，在該產品中，有37％的代幣在清單時達到了歷史最高點，但再也不會超過它。

Moreover, the analysis found that 89% of CEX-listed tokens dump post-listing, with an average 52% price decline.

此外，該分析發現，在CEX上市後上市中有89％的代幣倒入倒入，平均價格下降了52％。

“CEX listings remain a crucial moment for crypto projects, offering immediate liquidity and exposure. However, our data proves that the price action follows a predictable pump-and-dump cycle, making it a risky bet for investors.”

“ CEX列表仍然是加密項目的關鍵時刻，它可以立即提供流動性和曝光率。但是，我們的數據證明，價格行動遵循可預測的泵送周期，這是投資者的冒險賭注。”

The crypto news outlet and the blockchain data aggregator also compared the price changes for each exchange.

加密新聞媒體和區塊鏈數據聚合器還比較了每個交易所的價格變化。

Here is a wrap-up on which CEXs affect a token price after listing on their platform:

這是一個總結，CEXS在其平台上列出後會影響令牌價格：

The researchers also highlighted the recent listing of Pi Network on OKX and Bitget, which has sparked mixed reactions, with some users experiencing a substantial increase in their token holdings following the listing.

研究人員還強調了最近在OKX和BITGET上對PI網絡的列表引發了不同的反應，其中一些用戶在列表後的代幣持有量大大增加。

“We observed a 1,000% price increase for those who purchased the token at $0.01 during the early testing phase. On the other hand, those who acquired the token at a later stage, around $0.10, faced a decrease in their investment post-listing.”

“我們觀察到在早期測試階段以0.01美元購買令牌的人的價格上漲了1,000％。另一方面，那些在稍後階段獲得令牌（約0.10美元）的人面臨的投資後列出。”

The study provides valuable insights into the dynamics of token pricing in the cryptocurrency market. As the industry continues to evolve, understanding these trends will be crucial for making informed investment decisions.

該研究為加密貨幣市場中代幣定價的動態提供了寶貴的見解。隨著行業的不斷發展，了解這些趨勢對於做出明智的投資決策至關重要。