The meme-ification of the new generation of tokens has made it even more difficult to predict their fluctuations. So, what impact does listing on exchanges have on tokens and memecoins?
Since the craze for tokens started last month, major exchanges have been continuously listing new tokens, resulting in unprecedented trading activity in the token market. Within this frenzy, two different trading philosophies have emerged: one is unwilling to miss out on any new tokens and uses various methods to acquire them in the primary market, either through manual trading or scripts, and then sells them off in the secondary market or after listing on exchanges; the other is not interested in acquiring tokens in the primary market and prefers to buy them in the secondary market after listing, hoping to benefit from the post-listing price increase.
It should be noted that the price trends and real-time prices of tokens on different exchanges are not exactly the same, and the meme-ification of the new generation of tokens has made it even more difficult to predict their fluctuations. So, what impact does listing on exchanges have on tokens and memecoins? Is it a signal of a new round of price increases or a prelude to a large sell-off? To put it in terms that are more relevant to small and medium-sized investors, does listing on exchanges still offer room for price increases after the primary market?
We have analyzed the price trends of several popular tokens and assets from the previous round to specifically analyze the impact of listing on their price trends.
Biis Price Trend, Source: KuCoin
Biis Price Trend, Source: OKXOrdinals
According to Coinmarketcap data, the current 24-hour trading volume of Biis is not very high. KuCoin ranks first with a trading volume of about $430,000, followed by XT.com and OKX. In this order, the listing on the exchange with the highest trading volume seems to represent the peak of Biis.
OKX listed earlier, and KuCoin listed on December 20th (XT.com, which closely followed, listed on the 21st). The highest price point occurred approximately 2 hours after listing, followed by a continuous decline. There was a certain increase on the 25th, followed by a continuous decline to the current price of around $0.038.
For Biis, the space for profiting from the secondary market is very small, as the listing on the exchange with the highest trading volume represents a sell-off. However, if one can buy shares from OKX earlier, there is still room for price increases.
.com Market, Source: MEXC
Looking at the 24-hour trading volume of BRC20.com, MEXC has the highest volume, followed by HTX, XT.com, and Bitget. MEXC was also the first exchange to list, going live on December 14th. After going through the entire cycle from an increase to a decrease, it reached its highest price point of $7.2 on December 19th and is currently trading at $3.397.
Bitget listed on December 19th, coinciding with the day of the highest price point, while XT.com listed on the 20th. Subsequently, there has been a relatively gentle downward trend. HTX listed on the 27th, and its trend has already stabilized after listing.
As for .com, if one can follow the first wave of listing and catch the early market trend, there is still a considerable profit opportunity. However, as major exchanges catch up, the price has already started to decline from its peak.
BNSX Price Trend, Source: BitMart
In terms of trading volume for BNSX, Gate.io ranks first, followed by BitMart and AscendEX. These three exchanges listed almost simultaneously, with Gate and BitMart listing on December 18th and AscendEX listing later that day. Therefore, their subsequent trends are almost the same: prices rose steadily after listing, reaching a peak of about $2.49 on December 19th (Beijing time), followed by a continuous decline.
For BNSX, after listing on major exchanges with high trading volumes, the profit potential is not very significant. If one can enter the market on the day of listing, there is still some profit potential, but after the 19th, there is a slight fluctuation and downward trend.
MMSS Price Trend, Source: BitMart
MMSS Price Trend, Source: LBank
For the token MMSS, the exchanges with the highest trading volumes are BitMart, LBank, Bitget, and Gate.io. BitMart was the earliest to list on December 7th, followed by LBank on the 19th, Bitget on the 20th, and Gate.io on the 27th. It can be seen that there was a relatively long period of profit opportunity after BitMart listed, with the price reaching its peak around the 16th, followed by a period of correction, and another small peak on the 27th.
This means that if one can buy early from the first exchange to list, there is still a significant profit potential when other exchanges follow the trend and list.
Mice Price Trend, Source: Bitget
Taking a leading token as an example, the impact of listing on a leading token is relatively small. For Mice, the exchanges with the highest trading volumes are Gate, OrangeX, Bitget, and BitMart. The listing order is Gate (16th), Bitget (18th), BitMart (18th), and OrangeX (18th). There were three peaks after listing, on the 19th, 21st, and 25th.
It can be seen that for leading tokens, a consensus has already formed, and the price trends are more similar to traditional memecoins rather than projects with only one wave of fluctuations. Therefore, the significance of listing on exchanges for price is limited, and there are still several arbitrage opportunities after listing.
For non-leading tokens, listing on exchanges does not bring many favorable factors. Based on the examples above, the listing frenzy on exchanges with the highest trading volumes usually coincides with the price peak, with only a few hours or a day between the two. It is necessary to have a long-term strategic vision, either by early positioning in exchanges that list earlier or by participating in the primary market. If one realizes that they are relatively late in the game and most exchanges have already listed, the profit potential in the secondary market is shorter, and there may be stable fluctuations or declines afterward.
For leading tokens or non-leading tokens, their price fluctuations are more influenced by market consensus and information, and studying the impact of listing on price fluctuations has limited significance. Investors should pay more attention to market dynamics, the influence of exchanges, and overall market consensus when dealing with leading tokens or non-leading tokens. It is necessary to conduct in-depth research and analysis of various factors. At the same time, investors should also be aware that market uncertainties exist for both leading tokens and non-leading tokens, so it is crucial to carefully evaluate risks and potential returns.
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Biis
meme coins
tokens