This study aims to explore the listing situation of major exchanges and analyze its actual impact on the token market performance, focusing on the changes in trading volume and price fluctuation characteristics after listing, in order to identify the influence of different exchanges on the market performance of tokens after they are listed.

Launch Binance Alpha, which is a long-term positive for the token; it is advisable to research quality projects, buy the dip, and wait for long-term growth.

The outstanding performance of ACT and PNUT has sparked attention and new thinking regarding the token listing mechanism on Binance.

Stop it, Azu. There are news arbitrage bots outside. The average drop in the first 24 hours after the token listing announcement in the past week is 2%, with a cumulative drop of 40%.

Price is not everything for a project; its development largely depends on market conditions, project quality, and the hype surrounding its narrative.

The effect of listing is significant within 5 minutes of the announcement, starts to differentiate after 1 hour, and the short to medium-term increase is unrelated to Moonshot.

The meme track is the most popular; in the long run, it will fall back to its original position.

In this country with strict and clear regulations on cryptocurrencies, Upbit has become the biggest winner due to its background and compliance capabilities.