ARE NEW COINS STILL GOOD INVESTMENTS?

Summary from the TLDR Crypto newsletter

There are many complaints about new coins launching at the highest possible fully diluted valuation and immediately listing on a tier-1 CEX, providing exit liquidity for VCs. Over 80% of tokens listed on Binance in the past six months are down, with the only exceptions being two Solana ecosystem coins and two memecoins. The average FDV of a Binance listing is $4.2 billion. These projects have no organic community or positive retail sentiment, causing their tokens to perform poorly.