尽管初始泵很强，但98％的Binance上市代币最终倾倒了

虽然Binance仍然是代币清单的最突出的交换，但Cryptoninjas和Storible的一项研究表明，98％的令牌

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

通过交易量，最大的加密货币交易所Binance通常是加密交易者和投资者的重点。

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的一项研究表明，尽管经历了强劲的初始价格上涨，但在Binance上列出了98％的令牌。这些发现是对2024年在六个主要集中式交易所（CEXS）中列出的389个令牌的更广泛分析的一部分：Binance，Bybit，Okx，Coinbase（Nasdaq :)，Bithumb和Upbit。该研究的目的是评估CEX列表对令牌性能的影响。数据是在2025年2月2日至2月4日之间收集的。

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.

该研究发现，在列表上最突出的交换二元交易所列出的代币通常会在列表时经历大量的价格泵，平均增长了87％。但是，随后发生这种激增，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.

虽然46％的Binance上市代币在上市时达到了历史最高（ATH），但平均而言，Binance上市的令牌的价格从上市价格下降了70％。

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

研究人员还指出，大多数代币在上市时经历了急剧的价格上涨，然后是重大转储。

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和可靠收集的数据表明，CEX列表在发布时平均触发了54％的价格涨幅，在该产品中，有37％的代币在清单时达到了历史最高点，但再也不会超过它。

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

此外，该分析发现，在CEX上市后上市中有89％的代币倒入倒入，平均价格下降了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列表仍然是加密项目的关键时刻，它可以立即提供流动性和曝光率。但是，我们的数据证明，价格行动遵循可预测的泵送周期，这是投资者的冒险赌注。”

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

加密新闻媒体和区块链数据聚合器还比较了每个交易所的价格变化。

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

这是一个总结，CEXS在其平台上列出后会影响令牌价格：

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.

研究人员还强调了最近在OKX和BITGET上对PI网络的列表引发了不同的反应，其中一些用户在列表后的代币持有量大大增加。

“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.”

“我们观察到在早期测试阶段以0.01美元购买令牌的人的价格上涨了1,000％。另一方面，那些在稍后阶段获得令牌（约0.10美元）的人面临的投资后列出。”

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.

该研究为加密货币市场中代币定价的动态提供了宝贵的见解。随着行业的不断发展，了解这些趋势对于做出明智的投资决策至关重要。