Crypto researcher: The average FDV of newly listed projects on top CEXs in the past six months reached US$4.2 billion, and more than 80% continued to fall after listing

On May 19th, cryptocurrency researcher @tradetheflow_ posted on their social media platform that in the past six months, the average FDV (Fully Diluted Valuation) of new projects listed on top CEX (such as Binance) reached 4.2 billion US dollars, with some projects' FDV even exceeding 11 billion US dollars, yet over 80% of these projects continued to decline after listing. The researcher further pointed out that top CEXs use the inability of retail investors to obtain high-quality early investment opportunities, and their listing is only to provide exit liquidity for insiders.

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