The Central Exchange (CEX) list has long been seen as a milestone in crypto projects, promising an increase in exposure, liquidity and price surges. However, reality is often predictable patterns: sharp initial pumps, followed by more dramatic dumps. Cryptoninjas will work with Storible to analyze the top six major CEXSs (Binance, Bibit, Upbit, etc.) to reveal the actual impact of CEX lists on token prices and how to connect profits I’ve done it.
Important findings
98% of the listed tokens are dumped.
The Binance List has the most positive impact on the price, pumping the tokens out at 87%.
On average, the CEX List Pump lists 54% tokens.
On average, 89% of CEX-listed tokens are dumped.
Methodology
We started by collecting all the tokens listed in 2024 from six major CEXSs. We then collected prices, current prices (February 4, 2025) and ATH prices for collected tokens in our listing.
Data were collected from February 2nd to February 4th, 2025.
First Surge: CEX List pumps 54% tokens
A list of major exchanges often causes a frenzy of purchases. On average, newly listed tokens experience a 54% price spike at the time of listing. This phenomenon is driven primarily by FOMO (missed fear) and deep fluidity.
AS EFFECT: 37% of tokens reach peak prices at listing
It’s amazing 37% of newly listed tokens hit the highest ever (ATH) at listingdo not reach such a rating again. This highlights that CEX lists are often at the peak of market performance for tokens driven by inference rather than long-term basis.
The harsh reality: damping continues soon
The first surge creates excitement, but subsequent sales are almost inevitable. Our findings reveal it 89% of the listed tokens experience a significant price drop after listingaverage decline 52% From the peak on the CEX list.
Lifecycle of tokens registered in CEX
Pump: Token Price Spike 54% On average in listings.
ATH: 37% Token listings reach peak prices.
garbage: 89% The token has declined sharply since its listing.
Price drop: tokens lose average 52% of their value after the list hype.
This pattern suggests that many traders view CEX lists as an opportunity for exit rather than long-term investments.
Exchange Comparison: Which CEX pumps and dumps the most?
Different exchanges have different effects on token performance. Our study compares six major exchanges: Binance, Coinbase, Upbit, OKX, Bithumb, and Bybit to assess the impact on token price.
Binance, for better or worse, still has the most powerful effect
Binance remains the most influential CEX for the token list; Strongest initial pump but, Most serious dumps:
Tokens listed in the Binance Surge 87% On average in listings.
46% Reach Ass with these token listings.
but, 98% It was a dump of tokens that were eventually listed on Binance.
Prices drop on average 70% From the list price.
Binance lists can generate large, short-term profits, but the aftermath is often brutal for slow buyers.
Bybit: the second most powerful list effect
Bibit has emerged as the second most influential exchange with a notable price movement.
Tokens listed on Bibit Pump 61% On average.
Bibit boasts the highest percentage of tokens reaching As on the list (60%).
92% These tokens experience post-listing dumps.
Prices will rise 63% On average.
The Bibit list attracts high speculation, but the sustainability of these price increases remains questionable.
Coinbase: Weakest Pump and Severe Dump
Unlike Binance and Bybit, Coinbase list has a Weaker initial pump but Very dramatic decrease:
Tokens listed in Coinbase Rise 41% On average in listings.
only twenty three% Please contact ATH via our listing. The lowest of all exchanges.
89% There will still be a post-listing decline in tokens, but the decline is milder (28% decrease).
Coinbase-Listed tokens tend to have less extreme price movements, perhaps due to a more conservative investor base.
Conclusion: CEX List is a double-edged sword
CEX lists remain a critical moment for crypto projects, providing immediate liquidity and exposure. However, our data proves that price actions follow predictable Pump and dump cycleit is a risky bet for investors.
For traders, the lesson is clear: In many cases, CEX listings are the peak price performance of tokens, and purchases to hype can lead to huge losses. Understanding the market dynamics behind these lists is important to avoid the pitfalls of speculative trading.