New Binance-listed alts are one of the few segments holding up, sitting around +5% while most older cohorts from 2020–2024 are down ~18–23% over the same period.

Across exchanges the pattern is similar, but Binance prices it fastest, which is why new supply performs better there first. Liquidity and visibility compress the cycle. Altcoins are competing for flow, not durability. Once that flow moves, the previous cycle gets left behind.
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