Meme track is the most popular; in the long run, it will fall back to its original position.

Author: Nan Zhi, Odaily Star Daily

Since its launch on Binance, Nerio has gained more than 20 times the increase, demonstrating the listing effect of Binance on one hand, and breaking the previous impression of continuous decline after the listing of VC coins on Binance. If listing on CEX is considered as the ultimate goal and positive factor, which token sectors have the most advantages? What is the listing effect of top exchanges? In this article, Odaily will summarize the listing situation of top exchanges since August 1st and attempt to answer the above questions.

What coins are listed on exchanges?

This article summarizes the listing announcements of the following exchanges:

• Binance, excluding coin-based markets such as SUI;
• OKX, excluding pre-market;
• Upbit, including Korean won, BTC, and USDT markets
• Bybit;
• Coinbase International Exchange, only for futures

The results are as shown in the following figure:

The conclusions are as follows:

• The only sector that can be listed on all exchanges is Meme;
• The second most covered variety by exchanges is the TON ecosystem, with Coinbase completely avoiding this sector;
• In terms of frequency, the top few are old coins (34.2%), Meme (23.6%), TON (11.8%), and blockchain games (5.3%);
• Each CEX usually does not list repeatedly in a short period of time, and non-initial listing waits for other CEX to consider after several months, emphasizing "not competing with each other".

Listing effect of top exchanges

It is well known that Binance and Upbit usually experience a short-term surge after listing, but how high can the short-term rise be? Can this trend be maintained in the medium to long term?

Odaily has conducted statistics on non-TGE listings on Binance and Upbit. The initial price is taken from the opening price of the 4-hour K-line where the listing announcement is made, and the impact on the increase is taken from the closing price of the same K-line, with the price at 14:00 on September 18th taken as the current market value.

The results are as shown below:

• First, in terms of the increase, there is a significant difference among various tokens, with the larger the market value, the smaller the increase. For example, the largest market value token, PEPE, only increased by 6%, while the smallest market value tokens, Neiro and UXLINK, increased by 1264% and 101% respectively;
• In terms of the net increase in market value, there is still a significant difference among various tokens, with the more popular and widely accepted tokens having a larger net increase in market value. For example, Meme token has the largest increase in value, with the "community" attributes of PEPE, POPCAT, and Neiro ranking in the top three, while ATH (Aethir) mainly engages in toC business, and BIGTIME mainly involves studios, with a relatively smaller audience, resulting in a smaller increase in value.
• The average market value increase of the five new tokens listed on the two exchanges is $78 million and $70 million respectively. Readers can consider this market value when deciding whether to participate in short-term speculation for subsequent listings.
• Of the five tokens listed on the two top exchanges in August, three tokens have a market value lower than before listing (BRETT, PEPE, ATH), and the other two tokens, POPCAT and PENDLE, have also experienced a certain decline, indicating that the listing effect of top exchanges is not long-lasting and cannot be the fundamental driving force for long-term growth, often falling back to the original position after experiencing short-term FOMO.

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