Recently, several projects that got listed on Coinbase but not Binance have performed pretty well in the secondary market, with a high win rate. Last night, after Perle opened for trading, the secondary market buy-in price was the same as the cost for Binance wallet presale users—0.1. If they don’t pump the price and let presale users lose money, then the Binance listing expectation will be completely lost. After all, aside from the previous airdrop issues, the project’s other fundraising and background are solid. Starting at a $100M FDV with a low opening price is still relatively safe. After observing for a while, I bought in at 0.12, and it’s already doubled. Generous airdrops and secondary market price pumping—can’t have both at the same time. But as long as they deliver on one, people can understand. On the other hand, some trash projects get listed on all the major exchanges, stingy with airdrops, and their token price keeps dropping nonstop.