Binance清单：从炒作到伤心欲绝！

本文探讨了此问题的程度，强调了特定案例，并提出了对Binance上市策略信心下降的原因。

Recently, the consistently poor performance of tokens listed on Binance has caused widespread disappointment in the crypto market.

最近，在Binance上列出的代币的表现持续不佳，这在加密货币市场上引起了普遍的失望。

Out of the 27 tokens listed by Binance in Q1 2025, only two have shown price gains, while the remaining 89% have plummeted, with some losing up to 90% of their value. This stark underperformance has sparked skepticism among investors, eroding trust in Binance as a platform for quality projects. Instead, many now view Binance listings as a predictable cycle of hype, pump, and dump.

在第1季度Binance列出的27个代币中，只有两个显示了价格上涨，而其余的89％却暴跌了，其中一些损失了其价值的90％。这种表现不佳的表现不佳引起了投资者的怀疑，侵蚀了对binance的信任，作为高质量项目的平台。取而代之的是，许多人现在将二元列表视为可预测的炒作，泵和转储的周期。

This article delves into the extent of this issue, highlighting specific cases and suggesting reasons behind the declining confidence in Binance’s listing strategy.

本文深入研究了这个问题的范围，强调了特定案例，并提出了对Binance上市策略信心下降的原因。

The data reveals a grim picture of the tokens listed on Binance in Q1 2025. Out of the 27 tokens listed, only $LAYER has shown gains of 86.73%, and $FORM has minimal gains of 5.68%. The remaining tokens have suffered significant losses.

该数据揭示了第1季度2025年binance上列出的令牌的严峻图片。在列出的27个令牌中，只有$ layer的增长率为86.73％，$ form的增长率为5.68％。其余的令牌遭受了巨大的损失。

For instance, $TRUMP, a meme coin hyped as having links to political narratives, has crashed by over 70% since listing due to massive sell-offs that dropped the token to $0.0085. Similarly, $MUBARAK and $PARTI followed a familiar pattern: a brief pump pre-listing, and then a sharp dump post-listing as large holders, or "whales," liquidated their positions.

例如，特朗普（Trump）$ trump炒作是与政治叙事有联系的，自从上市以来，由于大量售罄，将令牌降至0.0085美元以来，已坠毁超过70％。同样，$ mubarak和$ parti遵循了熟悉的模式：简短的泵前上市，然后作为大型持有人或“鲸鱼”急剧列出了尖锐的转储，将其置于其位置。

$TRUMP recent performance – Source: Binance

$特朗普最近的表演 - 资料来源：binance

This consistent underperformance has led investors to question Binance’s vetting process. Many now suspect the exchange prioritizes projects willing to pay high listing fees over those with strong fundamentals.

这种一致的表现不佳使投资者质疑Binance的审查过程。现在，许多人怀疑该交易所优先考虑愿意支付高基本面的项目的高额上市费用的项目。

The perception that Binance has become a "dumping ground" for low-quality projects is gaining traction, with communities on X even launching hashtags like #BoycottBinance. Investors increasingly perceive Binance listings as a warning sign rather than an endorsement, which stands in stark contrast to the exchange’s previous reputation.

人们认为binance已成为低质量项目的“倾销场所”的看法正在引起人们的关注，X上的社区甚至启动了#BoyCottBinance等主题标签。投资者越来越多地将二元清单视为警告标志，而不是认可，这与交易所以前的声誉形成了鲜明的对比。

Why Binance Listings Are Crashing Hard

为什么Binance列表崩溃了

A toxic mix of greed, market dynamics, and strategic missteps led to the catastrophic price drops of tokens listed on Binance in 2025. From sky-high listing fees to a meme coin obsession, here’s why newly listed tokens are bleeding value faster than ever.

贪婪，市场动态和战略性失误的有毒混合物导致2025年在Binance上列出的代币的灾难性价格下降。从天空高的上市费用到模因硬币的痴迷，这就是为什么新列出的象征的速度比以往任何时候都更快。

1. Listing Costs Are Draining Projects Dry Before They Fly

1。清单成本在飞行之前干燥项目干燥

Binance’s listing process isn’t just a pay-to-play game—it’s a resource sink that can cripple projects. Securing a spot on the exchange demands millions of dollars in fees, forcing projects to pour nearly all their financial and operational muscle into the listing itself.

Binance的上市过程不仅是一个付费游戏，而且是可能削弱项目的资源汇。确保在交易所获得一席之地需要数百万美元的费用，迫使项目将其几乎所有的财务和运营肌肉都倒入上市本身。

This all-in bet leaves thinly backed projects, which lack robust backers or clear long-term strategies, dangerously exposed. This is exemplified by tokens such as $MUBARAK and $PARTI, which experienced tremendous hype during their pre-listing phase and expended significant resources to secure a spot on Binance. However, their post-launch collapse occurred due to weak fundamentals and stretched budgets that failed to sustain growth.

这个全面的赌注留下了稀薄的项目，这些项目缺乏强大的支持者或清晰的长期策略，危险地暴露了。诸如$ mubarak和$ parti之类的代币说明了这一点，它们在上市的阶段经历了巨大的炒作，并花费了大量资源来确保binance的位置。但是，他们发出后的崩溃发生是由于基本原理疲软和未能维持增长的预算伸展而发生的。

With no runway left to innovate or execute, these projects falter, their prices tanking—$MUBARAK alone plunged 70%—leaving investors burned and wondering if Binance is a springboard for success or a graveyard for overextended dreams.

由于没有跑道进行创新或执行，这些项目摇摇欲坠，他们的价格（$ Mubarak）跌落了70％ - 投资者燃烧了，并想知道Binance是成功的跳板还是墓地过度延伸的梦想。

2. Binance’s Liquidty Trap Is the Final Stop for a Perfect Dump

2。二元液体陷阱是完美垃圾场的最后一站

Binance, with its daily trading volume often surpassing $20 billion, is the preferred destination for projects seeking to cash out. This high liquidity makes it the ideal “final stop” for whales and insiders to unload massive token supplies, triggering brutal pump-and-dump schemes.

Binance的日常交易量通常超过200亿美元，是寻求兑现的项目的首选目的地。这种高流动性使其成为鲸鱼和内部人员卸载大量令牌供应的理想“最终停止”，从而触发残酷的泵送和降低计划。

Take $MUBARAK: hyped pre-listing, it soared briefly before crashing over 70% as large holders dumped billions of tokens, and similar activity drove $TRUMP down 70% post-listing. These dumps, often coordinated by market makers like Wintermute, are facilitated by Binance’s deep liquidity.

以$ Mubarak的速度：炒作前上市，在大量持有人抛弃数十亿个令牌时坠毁了70％以上，并且类似的活动驱使$特朗普下班后下降了70％。这些垃圾场经常由像温特穆特这样的做市商协调，这是由Binance的深厚流动性促进的。

Source: TradingView

资料来源：TradingView

3. Other Factors Forming a Recipe for Disaster

3。构成灾难食谱的其他因素

The broader crypto market in 2025 is a graveyard of confidence, amplifying Binance’s listing woes. The Fear & Greed Index has languished in Fear to Extreme Fear since January, reflecting retail investors’ retreat amid global trade tensions, such as the spike in U.S.-China tariffs to 125%. Furthermore, the liquidity drought makes new tokens easy prey for volatility spikes.

2025年，更广泛的加密市场是一个信心的墓地，扩大了Binance的上市困境。自1月以来，恐惧和贪婪指数一直在恐惧中恐惧，反映了全球贸易紧张局势的散户投资者的撤退，例如美国 - 中国关税的激增至125％。此外，流动性干旱使新的代币轻松捕食波动率。

Source: Binance

资料来源：binance

Worse, Binance’s obsession with meme coins like $TRUMP and $MUBARAK is spectacularly mistimed. The meme coin craze that fueled in late 2024 has fizzled in 2025’s bear market, with investors craving projects offering real-world utility. Binance’s failure to adapt to a market demanding substance over sizzle is torching its reputation.

更糟糕的是，Binance对$ TRUMP和$ Mubarak等模因硬币的痴迷被散布在巨大的杂耍中。 2024年底引发的模因硬币热潮在2025年的熊市中浮现，投资者渴望提供现实世界的公用事业。 Binance未能适应要求对Sizzle的市场苛刻物质的声誉。

Other factors include aggressive

其他因素包括侵略性