Out of the 29 tokens launched in Binance Alpha, 17 are up while 12 are down

Days after Binance introduced its pre-listing token selection pool, Binance Alpha, it released 29 tokens with mixed performances.

Data shared by crypto analysts Sankin shows that of the listed cryptocurrencies, 17 have seen their values ​​rise while 12 have seen declines.

Small-cap stocks lead the pack

In a Dec. 23 post on X, Sankin noted a trend in which smaller market-cap assets generally outperformed their larger counterparts.

Those with fully diluted valuations (FDV) below $20 million dominated the rankings, with assets such as Shoggoth (SHOGGOTH), Frodo the Virtual Samurai (FROG), Bob (BOB), Terminus (TERMINUS) and Numogram (GNON) who made gains of over 100%.

Shoggoth, a Solana-based meme coin that is part of the AI ​​agent sector, took the top spot, rising 134.66% since its launch on the platform on December 20. The other two meme coins, FROG and BOB, followed with gains of 123.19%. and 122.08%, respectively, although FROG has enjoyed an extra day of trading, having been launched on December 19.

Other notable performers included Solana AI agent GNON, which rose 104.93% in value, and Ethereum-based meme coin Terminus, which rose 104.15%.

Among the largest coins, decentralized finance (DeFi) project Odos (ODOS), with a listing FDV of $193 million, posted the best performance, gaining 65.88% over the weekend. It was followed at 54.77% by another Solana meme coin, Luce (LUCE) and AICell (AICELL), an AI token on Binance Smart Chain (BSC), whose value increased by 32, 10%

On the other hand, Apx (APX) and Grifain (GRIFFAIN), with FDV of $708.73 million and $242.64 million respectively, suffered the steepest declines. The former exploded 28.12% of its value, while the latter followed closely behind with a 25.41% drop.

A pair of popular Solana tokens, ai16z (AI16Z) and Fartcoin (FARTCOIN), also underperformed, losing 18.53% and 16.38% in that order.

Fartcoin, which hit a new all-time high (ATH) last week, initially had the largest FDV of all tokens listed on Binance Alpha at $862.63 million, with ai16z second at just under $800 million dollars However, weekend dips mean they are currently worth $721.36 million and $651 million respectively.

Various actions between chains and sectors

The 29 tokens were distributed across four public blockchains: BSC, Solana, Ethereum, and Base. According to Sankin’s findings, BSC dominated the listings, accounting for more than 41% of all assets, while Solana followed with 27.6%. Ethereum and Base split the remaining 31% of the listings between them, with the former claiming 17.2% of projects and Base 13.8%.

Performance also varied significantly by sector. Most labeled AI agents emerged as the top category, accounting for 31% of the lists, with DeFi and meme tokens tied for second at 27.6% each. The remaining 13.8% consisted of smaller categories like decentralized science (DeSci) and decentralized autonomous organizations (DAOs), represented by tokens like Rifampicin ($RIF) and Koge (KOGE).

SPECIAL OFFER (Sponsored) Binance Free $600 (Exclusive to CryptoPotato): Use this link to register a new account and receive an exclusive welcome offer of $600 to Binance (full details).

LIMITED OFFER for CryptoPotato readers on Bybit – Use this link to register and open a FREE $500 position with any currency!

Leave a Reply

Your email address will not be published. Required fields are marked *