Hamster Kombat

Jupiter

Coin98

Aevo

Of the 30 tokens listed by cryptocurrency exchange Binance in 2024, all but one are in the red—and most are down badly, according to a <a href="https://x.com/Coin98Analytics/status/1820763411422032194" target="_blank" rel="noopener nofollow">post</a>&nbsp;by crypto researcher Coin98 Analytics on the X social media platform.&nbsp;
The sole exception is Jupiter’s native token, JUP, which has risen 21.2% since listing on Jan. 31 and now has a fully diluted value (FDV) of some $8 billion. FDV is a measure of market capitalization assuming a token’s entire supply is circulating at current trading prices. 
Launched in January, Jupiter is a Solana-based decentralized exchange that has attracted upward of $610 million in total value locked (TVL), <a href="https://defillama.com/protocol/jupiter#information" target="_blank" rel="noopener nofollow">according</a> to DefiLlama. Its Jan. 31 airdrop was the largest in Solana’s history, with some $700 million worth of JUP tokens distributed to around 1 million wallets. 
<figure>
 <img src="https://s3.cointelegraph.com/uploads/2024-08/2db1464a-f575-4eaf-9947-44d79a5614d3.jpg" alt="Nearly every token Binance listed in 2024 is now bleeding red — Coin98">
 <figcaption style="text-align: center;">
 Most tokens listed on Binance this year are down more than 50%. Source: Coin98 Analytics
 </figcaption>
</figure>
The remainder of Binance’s 2024 token listings are down since launch, with an overwhelming majority down by at least 50%. The worst performer thus far has been Aevo’s native token, AEVO, which is down more than 90% since listing in March. 
Related: <a href="https://cointelegraph.com/news/airdrop-token-prices-crash-web3">Airdrop token prices are crashing — Does Web3 need a new model?</a>
Aevo is a decentralized exchange that executes transactions on a custom layer-2 blockchain network and settles transactions on Ethereum. The protocol’s March token listing — also an airdrop — was met with controversy, with some users feeling shortchanged. 
Part of the problem is with airdrops as a distribution model. An overwhelming majority of <a href="https://cointelegraph.com/news/airdrop-token-prices-crash-web3">tokens distributed in sizable airdrops have lost value</a> since their first day of listing, sometimes severely. Plus,&nbsp;the methods for determining airdrop allocations are often opaque, resulting in frustration.
Jonathan Joseph, co-founder of SmartFunds, told Cointelegraph that “when the airdrop comes, people feel short-changed because the number of points doesn’t necessarily have any correlation” to how many tokens they receive.
A <a href="https://cointelegraph.com/news/top-50-cryptos-lose-2024-gains-510b-selloff">recent crash in cryptocurrency markets</a>&nbsp;also vaporized some $510 billion in market capitalization across crypto on Aug. 5.
Magazine: <a href="https://cointelegraph.com/magazine/clicker-games-airdrop-speculation-web3-games-hamster-kombat-review-cointelegraph-magazine/">Clicker games to fade post-airdrop, Is Hamster Kombat any good? Web3 Gamer</a>

Nearly every token Binance listed in 2024 is now bleeding red — Coin98

Cointelegraph

Other articles published on Aug 6, 2024

BNB Chain Announces Winners of Second BNB Incubation Alliance Round

Hamster Kombat Introduces New Mini-Game

OKX's Venture Arm and Aptos Foundation Announce $10M Fund to Boost Aptos Ecosystem

Aave Protocol Unfazed By Market Jitters, Surges 21%

Jumia’s revenue declines by 17% in Q2, 2024, despite 7% increase in orders

Dogecoin Analyst Predicts Drop Below 7 Cents Before Potential Surge to $1

Join our free newsletter for daily crypto updates!