binance listings are a retail graveyard every dollar invested in Binance's 2025 listings is worth $0.29 today we simulated a fund that allocated $100 to every token listed on Binance spot in 2025 at the day-one closing price. after excluding stablecoins, the fund held 92 tokens with $9,200 in total capital deployed. today, the portfolio would be worth only $2,600.