TechFlow reports that on December 18, Binance co-founder Yi He stated during an X Spaces session that the majority of meme coins will eventually go to zero, with only a few projects surviving in the long term—though it's difficult to define exactly which ones will endure. Binance has compiled an observation list covering VC-backed projects, infrastructure projects, DeFi projects, and meme coins; however, some projects cannot be listed due to token model issues or inflated data.
To enhance transparency, Binance is placing some observed projects into the Alpha section of its Web3 wallet, allowing users to trade them and identifying high-potential projects with long-term prospects.
Yi He noted that Binance’s growing user base causes newly listed tokens to rapidly surge in market cap shortly after launch, followed by a gradual decline. Although Binance attempts to keep prices within reasonable ranges before listing, this approach hasn't gained widespread acceptance. She also compared the crypto industry with traditional IPOs, pointing out that many projects lack genuine user bases and often inflate on-chain metrics through tactics like airdrops—leading to fundamentally sound projects with real business models being undervalued. She emphasized that only projects delivering societal value can achieve sustainable profitability and return value to their users.
