While Binance remains the most prominent exchange for token listings, a study by CryptoNinjas and Storible revealed that 98% of tokens listed on the exchange eventually dump, despite experiencing a strong initial price surge.
The study found out that tokens listed on the largest crypto exchange by trading volume pump by 87% on average upon listing. Almost half, or 46% of these tokens, reach their all-time high (ATH) at listing but never surpass it.
However, Binance-listed tokens experience a 70% price decline from their listing price.
About the Study
The findings are part of the study that analyzed 389 tokens listed in 2024 across six major centralized exchanges (CEXs), which are Binance, Bybit, OKX, Coinbase, Bithumb, and Upbit
It aims to assess the impact of CEX listings on token performance, where the data was gathered between February 2 and February 4, 2025.
Further Findings
Overall, the study revealed that most tokens experience a sharp price surge at listing, followed by a significant dump.
The data that CryptoNinjas and Storible gathered 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.
In addition, 89% of CEX-listed tokens dump post-listing, with an average 52% price decline.
“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.”
CryptoNinjas
Exchange Comparisons
Here is a wrap-up on which CEXs affect a token price after listing on their platform:
- Binance: Most influential, with tokens pumping 87% but dumping 98% of the time, losing 70% of value post-listing.
- Bybit: Second strongest effect, where tokens pump 61%, but 92% dump, falling 63% post-listing.
- Coinbase: Weakest pump (41%), but also the mildest decline (28% price drop).
Recent Significant Exchange Listing
Pi Network’s listing on OKX and Bitget has sparked mixed reactions, with some benefiting significantly while others face setbacks.
- In an article by BitPinas, it laid out how OKX and Bitget gained early market dominance, while sellers and traders profited from cashing out and price swings.
- On the other hand, Bybit CEO Ben Zhou rejected listing Pi Network (PI), comparing it to past forex scams and expressing concerns over potential investor backlash.
- Before Pi’s open network launch, despite 86.6% of Binance’s community voting in favor of listing Pi Network (PI), the exchange stated that the vote was only for reference and did not guarantee a listing.
Worth reading: Currently, Binance’s website is still blocked in the Philippines, but its app remains accessible. Last update states that the SEC is working to have it removed from app stores and was optimistic about Google and Apple complying, though no updates have been provided since July.
This article is published on BitPinas: Study: 98% of Binance-Listed Tokens Dump After Pump
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