Binance Alpha Listings Are Very Popular: So Are Altcoins Rising in Value After Listing or Are They Experiencing Loss? Is It Worth Accumulating Points for Airdrop?

A newly released report from Binance Alpha reveals that the increasing threshold for points and low airdrop ödüller are pushing ordinary users out of the system.

While most of the projects listed in May lost value, the average return rate remained at -5.04%. However, the average decline in altcoins distributed via airdrop reached 31.5%.

According to a report published by Wu Blockchain, the participation threshold exceeding 200 points and airdrop rewards dropping to around 25 dollars have led to a rapid decrease in investment returns, while also bringing about serious discussions within the community.

As the number of users participating in the system increases, the earning potential of each airdrop distributed becomes more clearly limited. Conversely, the threshold of points required to enter is constantly rising. This situation forces users to further cut transaction costs in order to maintain their profit margins.

Recently, Binance Alpha started listing Sui ecosystem tokens and then announced a series of Sui-based Alpha projects. This development opened up a low-cost new area for users manipulating trading volumes. According to PANews’ research, the trading volume of Sui tokens on Alpha is quite low. The highest volume is seen on NAVX, with a 24-hour trading volume of only 3.34 million dollars. In tokens like HIPPO, BLUE, and SCA, this figure remained in the hundreds of thousands of dollars. In contrast, projects on the Solana chain reach volumes exceeding 10 million dollars. In some major projects listed on BSC, this figure exceeds 200 million dollars.

Solana is the second most listed ecosystem on Binance Alpha. As of May, the trading volume of Solana’s decentralized exchange (DEX) showed a significant increase. On May 4, the DEX volume was $2.2 billion, which rose to $4.59 billion on May 15, doubling in value. Some Solana tokens listed through Alpha, such as MOODENG and jellyjelly, experienced high trading volumes and price increases. For example, MOODENG appreciated by 140% from the listing date until May 14. The average return of six Solana-based tokens listed in May was 12.32%.

Apart from Sui and Solana, the rebranded Sonic ecosystem of Fantom has also benefited from this rise. So far, only three Sonic projects have been listed on Alpha, but the average price increase of the two tokens released in May was %65.93. This figure stands out as the highest rate among all ecosystems. However, due to the limited sample size, it is difficult to make a clear comment on the long-term potential of Sonic projects.

When looking at projects, being listed on Binance Alpha does not always mean success. The average price change of the 23 tokens listed in May is at a level of -5.04%. The largest drop reached 75%. Although many tokens experienced a short-term rise after listing, they were subsequently subjected to sharp declines. This situation indicates that Alpha has provided merely a new trading space rather than creating a “golden token.”

The situation of the projects listed with airdrop campaigns has worsened further. All seven airdrop tokens listed in May have lost value as of May 14.