He Yi, co-founder of **Binance**, has clarified the company's stance on their involvement in influencing trends, particularly the **Meme** trend. According to He Yi, Binance has no intention to guide the market in this direction, emphasizing their strategy focuses on low **Fully Diluted Valuation (FDV)** projects with dispersed coin holdings. [@WuBlockchain](https://x.com/WuBlockchain), a significant voice in the crypto community, shared this insight on **Twitter**. [1](https://x.com/WuBlockchain/status/1835652343272214622)

Current crypto projects are divided into three categories: **Telegram games** associated with airdrops, numerous infrastructures predominantly composed of high FDV **Venture Capital (VC)** coins, and **Memecoins**. He Yi highlighted Binance's efforts to evaluate and test projects that align with their strategic financial outlook, favoring those with low FDV. This approach indicates Binance's preference towards sustainable and diversified coin distributions.

In related developments, Binance announced the listing of three new assets: **Neiro (NEIRO)**, **Turbo (TURBO)**, and **Baby Doge Coin (100000BABYDOGE)** for spot trading. These assets will be available against **USDT** pairs and marked with the "Seed Tag". Trading for these pairs is set to commence at 18:00 (UTC+8). [2](https://x.com/WuBlockchain/status/111533746) 

This strategic move underscores Binance's active role in adapting to rapid shifts within the crypto landscape without conforming to potentially volatile trends like Memecoins. By focusing on projects with low FDV and strategic listings, Binance positions itself to maintain its influence and leadership within the cryptocurrency market.

Binance explores low FDV projects over Memecoins

Binance Co-Founder on Project Preferences

He Yi, co-founder of Binance, explained: Binance has no intention to guide the trend towards Meme. There are three types of projects now: Telegram games, all for airdrops; many infrastructures, all high FDV VC coins; Memecoins. Binance found some projects with low FDV and dispersed coin holdings to test.

Wu Blockchain

In the world of cryptocurrency investments, large-scale investors, commonly known as **whales**, have a significant impact on market dynamics. Such is the case of a whale that made headlines by purchasing a substantial amount of **$VIRTUAL** tokens, yielding an impressive return. [1](https://x.com/lookonchain/status/1874710305596678515)

Nineteen days ago, the whale invested **$10 million USDC** to acquire **4.25 million $VIRTUAL**. The current value of this investment has skyrocketed to **$21.5 million**, translating to an unrealized profit of **$11.5 million**. This demonstrates the lucrative potential of strategic investments in the crypto space.

This move was initially highlighted by Twitter user [@lookonchain](https://x.com/lookonchain) The investment has piqued interest among crypto enthusiasts and investors alike, showcasing the significant profits that can be reaped from timely and bold wagers in the highly volatile cryptocurrency market.

The whale's bold decision was facilitated through withdrawals of $10 million USDC from **Coinbase**, followed by the purchase of **$VIRTUAL** at a rate of $2.35 per token. The involved transaction reveals extensive thought and trust placed in the growth potential of the $VIRTUAL cryptocurrency. [2](https://x.com/lookonchain)

Such substantial investments by whales can influence market trends, and this case reaffirms their pivotal role within the cryptocurrency ecosystem. As $VIRTUAL continues to attract attention, this whale's successful venture could inspire similar lucrative ventures in the crypto markets.

A whale's $VIRTUAL investment yields $11.5M profit

Whale Profits Big on $VIRTUAL Investment

Bithumb, South Korea's second-largest cryptocurrency exchange, has announced an important update for its users. 

As of January 2, 2025, Bithumb will introduce new **Korean Won trading pairs**, specifically for **PEAQ** and **VANA**. [1](https://x.com/WuBlockchain/status/1874641481350439382) 

PEAQ serves as a Layer 1 blockchain primarily utilized for **Decentralized Physical Infrastructure Networks (DePINs)**. 

This innovative infrastructure supports a range of physical assets and services being decentralized and securely managed.

On the other hand, **Vana Network** is recognized as a **decentralized data network**, enabling users to engage in efficient data sharing and management without central authority oversight.

The introduction of these trading pairs reflects Bithumb's commitment to broadening its asset availability and offering users a diverse trading experience.

The new pairs will be available starting at 4 pm KST, allowing traders to explore **diversified investment opportunities** within the cryptocurrency sphere.

Bithumb's decision to list these assets could be seen as part of a broader strategy to tap into emerging technologies that prioritize decentralization and efficient infrastructure.

Bithumb lists PEAQ and VANA Korean Won trading pairs.

Bithumb Adds New Korean Won Trading Pairs

**Cryptocurrency whales** have been making significant **moves in the $ai16z market**, as reported by [@lookonchain](https://x.com/lookonchain) 

One particular address that stands out is **wVbrpF...BYuA**, which recently withdrew a staggering **1.86 million $ai16z tokens** valued at **$3.95 million** from the cryptocurrency exchange **Gate.io**. 
This same entity now holds an impressive **10.21 million $ai16z**, amounting to around **$22.86 million**. [1](https://x.com/lookonchain/status/1874634469837254793)

Adding to the wave, a new blockchain address, **CoErvN...8DiS**, was registered just 22 hours prior to the report. 
This address dynamically shifted market focus by acquiring **9,317 $SOL** (worth **$1.77 million**) to purchase **955.5K $ai16z tokens**. 
Such movements highlight the **growing interest in $ai16z**, raising questions about future market performances and potential impacts on investor sentiment. [1](https://x.com/lookonchain/status/1874634469837254793)

The strategic positioning and large withdrawals by these whales might indicate anticipation of a **significant price surge** or a new market trend in the coming months.
Crypto enthusiasts and market analysts will surely be keeping a close watch on these developments.

Cryptocurrency whales are actively accumulating $ai16z tokens.

Binance Co-Founder on Project Preferences

Frequently Asked Questions

What is Fully Diluted Valuation (FDV) in cryptocurrency?

Why is Binance focusing on low FDV projects?

What are Memecoins and why are they controversial?

What are Telegram games and how do they relate to airdrops?

How does Binance determine which new projects to list?