Market trends indicate DEXs have replaced VC markets for token price discovery, while CEXs continue to serve as exit liquidity

Tokens recently listed on Binance are underperforming compared to the rest of the crypto market, suggesting that price discovery movements are happening on decentralized exchanges. At the same time...

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Market trends indicate DEXs have replaced VC markets for token price discovery, while CEXs continue to serve as exit liquidity

Source: CryptoSlate

Tokens recently listed on Binance are underperforming compared to the rest of the crypto market, suggesting that price discovery movements are happening on decentralized exchanges. At the same time, traders use centralized platforms to exit liquidity. According to the analyst known by the pseudonym Ignas, the Pudgy Penguins (PENGU) tokens and ChainGPT (CGPT) are the […]