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).
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