Crypto’s killer app may be selling stocks after its own tokens failed retail
A Delphi Consulting analysis of 652 CEX listings from January 2025 onward found that a user buying every new token across Binance, Bybit, Coinbase, Gate. io, and Kraken would have kept roughly 50 cents on the dollar. The win rate across all listings was 12%, 52% of tokens lost more than 80%, and...