He Yi: Most memes will return to zero, Binance will put some observation projects into Binance Alpha area for screening

Here is the English translation: Odaily report: In today's Binance AMA session, Binance co-founder He Yi stated that most meme coins will eventually go to zero, with only a few projects able to survive in the long run, but it is difficult to define which projects will remain. Binance has compiled a watchlist covering VC-backed projects, infrastructure projects, DeFi projects, and meme coins, but some were unable to be listed due to issues with token models or inflated data. To increase transparency, Binance has placed some of the observed projects in the Alpha zone of the Web3 wallet for users to trade, and has screened for high-quality projects with long-term potential. He Yi mentioned that the rapid expansion of Binance's user base has led to a quick increase in the market cap of newly listed coins, but they may then slowly decline. Although Binance has tried to suppress coin prices to a reasonable range before listing, this strategy has not been widely accepted. She also compared the crypto industry to traditional IPOs, pointing out that many projects lack a real user base, and on-chain data is often inflated through airdrops and other means, leading to undervaluation of projects with viable business models. She emphasized that only projects that benefit society can achieve long-term profitability and return the gains to users.