2025-12-31 10:27:24

The industry phenomena of 2025 are worth deep reflection. Projects that focus on doing real work are actually less popular than those garbage coins that rely on marketing and pump-and-dump schemes. The result is the so-called "quality public chains" and "blue-chip assets" showing a rare disconnect between fundamentals and token prices (we call it Value Disconnect).

The root cause points to the listing strategies of exchanges. To quickly earn listing fees, a large number of Alpha new coins, Meme coins, and junk tokens are piled onto the platform, with a clear vampiric effect. The data is clear: a leading exchange listed over 70 new tokens in 2025 alone, with countless Alpha sector tokens—over 95% have fallen more than -80%. Except for BTC and BNB, almost all mainstream coins are in a deep bear market.

What lies ahead? The listing review teams in 2026 may need to seriously consider this question. The compliance window is approaching—should they prioritize brand reputation or the immediate listing fees? For second-tier exchanges, this approach isn't a big problem, as their reputation base is small. But for top-tier exchanges, playing this game long-term can easily backfire.

BTC-0,64%

BNB0,37%

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LuckyBlindCat

· 11h ago

Exchanges are just sweatshops, rushing in to make a quick buck and then running away --- Projects that cut leeks outpace blue-chip stocks in gains, this is outrageous --- Why would leading exchanges shoot themselves in the foot? --- 95% decline, is this data serious? Are you crazy? --- Instead of discussing brand reputation, why not ask who still believes? --- Getting beaten for doing real work, but marketing efforts take off—this is surreal --- 2026? I think exchanges should reflect on themselves; this is unscientific --- Only realizing when the compliance window opens? It’s been rotten for a long time --- BTC and BNB hold the scene, all other coins are sacrificed, lol --- The Alpha sector is just a harvesting machine, entering is like giving away money

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MEVictim

· 11h ago

This is a dead loop. Exchanges aren't stupid; as long as they can keep profiting, they won't stop. Major exchanges have long accounted for this, and short-term fees far outweigh long-term reputation value anyway, as the chives keep coming endlessly. The real Value Disconnect is that they think they can keep playing like this forever.

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BoredStaker

· 11h ago

Exchanges are going crazy with coin listings, all for fees. We retail investors are just getting cut and burned. Top exchanges are thinking about what? Ruining their reputation and never bouncing back. This wave of Value Disconnect is truly incredible. Good projects are actually unwanted. Over 70 new coins with 95% plummeting—this data clearly shows what exchanges are thinking. Honestly, besides BTC and BNB, what else is worth watching? If exchanges keep this up, who will trust them in 2026? Those doing real work are being neglected. This industry is really absurd. A bunch of Alpha projects, a bunch of Meme coins—have they ever thought about user experience? Is it really that hard to choose between brand reputation and short-term profit? Why are top exchanges still hesitating? Pile of trash coins being listed, playing the bloodsucking game so skillfully. That’s why I only hold BTC and BNB now. Everything else is a minefield. The regulatory window is opening—who still dares to cut so recklessly? Mainstream coins in a deep bear market—that’s probably us. Over 70 coins in two years, they really have guts. Aren’t they afraid of shooting themselves in the foot?

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ForumLurker

· 11h ago

Exchanges are really playing this trick perfectly, cutting profits while pretending to be innocent. Honestly, the product teams are being beaten by meme coins, how absurd is that? Top exchanges, wake up. If this continues, it’s a suicidal way to harvest retail investors. Just want to see who will still dare to list these trash coins in 2026. Can you still play in the crypto world? Besides BTC, everything else is a trap. After harvesting the retail investors, your reputation is gone—it's a lose-lose situation, brother. This is what a bear market should look like: bad coins drive out good coins.

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