This is one of the reasons why exchange listings are no longer exciting or bullish!
Still most holders wants their tokens to get listed on an exchanges but that also means, it is the top for 75% of the tokens!
Are we just looking for exit liquidity?
How much would you lose if you bought a newly listed token on the top 10 exchanges in the past 1 year(median loss):
Exchanges had 2,558 listings, the median token is down from its listing price on every single one.
> Coinbase, 122 listings with a median loss of 51%
> OKX, 56 listings with a median loss of 51%
> MEXC, 888 listings with a median loss of 64%
> Bybit, 120 listings with a median loss of 66%
> Kraken, 272 listings with a median loss of 66%
> Bitget, 232 listings with a median loss of 71%
> Crypto com, 71 listings with a median loss of 73%
> Binance, 81 listings with a median loss of 74%
> Gate, 423 listings with a median loss of 75%
> KuCoin, 293 listings with a median loss of 80%
No exchange in the dataset breaks a 25% positive listing rate.
A total of 511 positive listings have been made across 2558 listings.
On the best performing exchange, 3 out of 4 listed tokens are still below their listing price.
The data covers median outcomes only. Individual tokens vary significantly in both directions.