Unchained Why a Coinbase Listing May Not Be a Good Thing for a Token - Ep.311
Jan 21, 2022
Fais Khan, the author of the Startups and Econ newsletter, shares insights from his research on crypto tokens and Coinbase listings. He discusses the surprising trend of VC-backed tokens often plummeting post-listing due to possible insider dumping. Fais raises questions about the ethics of venture capital firms like a16z engaging with exchanges and offers advice for token investors. He also emphasizes the importance of transparency and regulatory measures to safeguard retail investors in the evolving crypto landscape.
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Coinbase Listing Impact
- Most return for altcoins comes before their Coinbase listing.
- After listing, they often underperform Bitcoin and Ethereum.
A16Z-backed Coin Performance
- A16Z-backed coins underperform significantly after being listed on Coinbase.
- This underperformance is greater than the average Coinbase listing.
Rejected Coins' Success
- Coins rejected by Coinbase, especially those backed by A16Z, saw significant gains.
- Arweave is one example of a rejected coin that performed exceptionally well.
