Steadily moving forward!

In the crypto market, we used to be accustomed to the narrative of 'listing on a CEX equals instant wealth': once a project listed on Binance, Coinbase, or OKX, its price would surge in the short term, enabling early participants to achieve financial freedom. However, this era is rapidly coming to an end. The recent performance of $币安人生 after its listing on Binance Spot serves as the most vivid example—its price dropped from its peak to half in just two days. This is not an isolated case, but rather a systemic decline in the overall listing effect across the industry. (Despite CZ's recent call-to-action, the short-term price rebound was largely driven by speculation.)

Since 2025, the price performance after listing has generally been weak, whether for top-tier exchanges in first-tier markets, second-tier platforms ranking in the top 20 on CMC, or even the 'Korean premium' on Korean exchanges. Insider information reveals that during peak periods, second-tier exchanges were reviewing nearly a hundred projects per week. The attention红利 brought by listings has been severely diluted. Many projects are listing merely for the sake of listing, actively catering to speculative capital while sacrificing long-term value. Retail investors often focus only on price charts without reading whitepapers, blindly chasing highs, ultimately resulting in short-term speculation exhausting the project's future development potential.