Most of the newly launched tokens function as “exit liquidity” for insiders capitalizing on the lack of retail access, due to their high initial FDV.
Over 80% of the newly listed cryptocurrencies are in the red on Binance, the world’s largest cryptocurrency exchange.
More than 80% of the tokens listed during the past six months have fallen in value since their listing, raising concerning implications for investors looking for the newest cryptocurrencies.
From the 31 analyzed tokens, only five coins have appreciated, including the new memecoin (MEME), the Ordi token (ORDI), Solana-based Jupiter (JUP), and Jito (JTO), as well as Dogwifhat (WIF), according to pseudonymous crypto researcher Flow’s May 17 X post:
