Binance Alpha is a new feature integrated into Binance Wallet that aims to showcase early-stage crypto projects with the potential for future official listing on Binance. Many investors were excited about this new feature, hoping to identify promising projects before they are officially listed on the Binance platform. However, statistics show that not all tokens listed on Binance Alpha have seen an increase in value.
The Binance Alpha platform was created to enhance transparency in the token review process for Binance listings. It allows traders to identify potentially promising projects and improve their ability to predict future Binance listings more effectively. Despite the initial excitement surrounding Binance Alpha, data analysis by investor @sankin_eth revealed that many of the tokens listed on the platform have actually seen a decrease in their Fully Diluted Valuations (FDV).
Tokens listed through Binance Alpha have underperformed compared to those listed on Binance’s main platform. For example, tokens like PNUT and ACT saw significant increases after being listed on the Binance platform. Investor @sankin_eth believes that focusing on projects with an FDV of $100 million or more is more likely to ensure price growth, as tokens with smaller market caps have struggled to deliver significant returns.
The tokens listed on Binance Alpha cover a range of market themes, including AI Agents, AI, DeFi, Meme Coins, and DeSci, across various blockchains such as Base, Ethereum, Solana, and BNB Smart Chain (BSC). BSC-based tokens make up a significant portion of the list, comprising 41% of the total. However, investor Dov attributes the underperformance of Binance Alpha tokens to the overall poor market conditions, which have led to decreased community attention towards the platform.
Despite the initial hype surrounding Binance Alpha, some investors remain skeptical about the platform’s ability to deliver significant returns. While Binance continues to announce new tokens through Binance Alpha, such as MGP, ZEREBRO, COOKIE, WHALES, and ORDER, market observers have noted that Binance subsequently removed the MGP token. It remains to be seen whether Binance Alpha will be able to attract more attention and potentially deliver better results in the future.
