PANews reported on December 18 that Binance co-founder He Yi just said in a speech on Space that most Meme coins will eventually return to zero, and only a few projects can survive for a long time, but it is difficult to define which projects can survive. Binance has listed a watch list covering VC-backed projects, infrastructure projects, DeFi projects and Meme coins, but some of them cannot be launched due to token model problems or inflated data. In order to improve transparency, Binance puts some of the watch projects into the Alpha area of the Web3 wallet for users to trade and screen high-quality projects with long-term potential.
He Yi mentioned that the expansion of Binance's user base has led to a rapid increase in the market value of newly launched currencies in the short term, but it may then slowly decline. Although Binance tried to suppress the price of the currency to a reasonable range before going online, this strategy has not been widely recognized. She also compared the crypto industry with traditional IPOs, pointing out that many projects lack a real user base, and on-chain data is often inflated by airdrops and other means, resulting in projects with business models being underestimated. She emphasized that only projects that are beneficial to society can achieve long-term profitability and return the results to users.
