Binance Alpha, a new feature integrated into the Binance wallet, was created to showcase early-stage cryptocurrency projects that have the potential to be officially listed on Binance in the future.
Many investors were very excited about this new feature. However, data shows that not all tokens appearing on the Binance Alpha list have increased in value.
Binance Alpha Fails to Meet Expectations Generating FOMO as Promised
Binance initialization Binance Alpha serves as a pre-listing Token selection platform to enhance transparency in the listing review process on Binance. This platform allows traders to identify projects with real potential and improve their ability to predict listing on Binance more effectively.
Investor @sankin_eth analyzed the data and revealed that 12 of the 29 Tokens announced on Binance Alpha last week now have a lower FDV (Fully Diluted Valuation) value than before the announcement. The four top-performing tokens only doubled in value, with small market capitalizations between $10 million and $20 million at the time of listing.
Tokens listed through Binance Alpha have performed worse than those listed on Binance’s main platform. For example, PNUT and ACT recently experienced a tenfold increase after listing on Binance’s spot market.
“Binance Alpha has not made any significant impact. Perhaps the situation will improve when a project is listed on the spot market. These tokens have market capitalizations ranging from $10 million to $1 billion, but the gap is too large. I believe that focusing on projects with FDV of 100 million USD or more will have the ability to increase prices higher.” sankin investor comment.
Tokens introduced by Binance Alpha span multiple market themes such as AI Agents, AI, DeFi, Meme Coin and DeSci, and across multiple blockchains such as Base, Ethereum, Solana, and BNB Smart Chain (BSC). BSC-based tokens dominate the list, accounting for 41% of the total.
Investor Dov attributed the poor performance of Binance Alpha Tokens to the overall market situation.
“With the current poor market environment, community attention to Binance Alpha has decreased. I hope that Binance Alpha projects will improve over time.” Investor Dov comment.
At the time of writing, Binance has just announced a series of new Tokens including five names: MGP, ZEREBRO, COOKIE, Whale, and ORDER. However, according to market observer WuBlockchain, Binance has since Remove MGP Token.