Crypto Exchange Listings: Bullish Signal Turning Bearish

Major exchange listings, once considered a bullish signal for cryptocurrencies, may soon be viewed as a bearish indicator, according to recent data and market trends.

In the past year, Binance and Coinbase have collectively listed 84 new tokens, with only 12 of these tokens currently priced higher than their listing price. This suggests that the majority of newly listed tokens have not performed well in the market.

Among the standout performers, AERO has surged 640% since its listing on Coinbase in February last year, while ONDO has achieved a over 300% increase after being listed on Coinbase. However, many tokens including MOODENG, MOG, MOVE, ACX, ORCA, GIGA, ME, which were once the "talk of the town", have seen a decline after being listed on mainstream CEXs.

This trend may indicate a shift in the market's perception of exchange listings, with investors becoming more cautious about newly listed tokens. Historically, exchange listings were seen as a milestone for a coin, opening their markets up to wider investor bases and deeper liquidity. However, it is now possible that the market may start to view exchange listings as a bearish signal, urging projects not to list their coins on major exchanges moving forward.