@tedlawrence
Newly listed tokens on major exchanges often experience sharp initial price surges, fueled by speculative demand and limited supply. Exchange listings create legitimacy, increase accessibility, and attract retail attention, leading to immediate liquidity influx. Data shows that average gains range widely depending on market cycles—tokens listed in bull markets often rally several hundred percent within hours, while bear markets may see muted or short-lived pops. The sustainability of these gains depends heavily on token fundamentals, narrative strength, and market maker support. Many tokens retrace significantly after the initial listing hype, as insiders and early investors may use liquidity to exit positions. Still, exchange listings are critical for discovery and adoption, even if short-term volatility is extreme. Long-term performance usually correlates more with project execution than with the listing event itself.