Of the 30 tokens listed by cryptocurrency exchange Binance in 2024, all but one are in the red—and most are down ... which has risen 21.2% since listing on Jan. 31 and now has a fully diluted ...

Source: Flow The fact that over 80% of newly-launched tokens are in the red signals a challenging market ... fully diluted valuation of over $4.2 billion despite not having a real user base.

On July 2, Red promoted a new Solana-based token named "President Red" (PRESI), featuring a video of a rocket launch with the tagline "to the moon." The token saw an initial price surge from $0. ...