Primary Listings Lead Price Discovery as 80% of Exclusive 2025 Tokens Hit Green
Gate Research found that 71% of its 2025 spot listings were primary, leading to significant early gains, especially for exclusive tokens.Summary
A Gate Research audit of 447 spot listings in 2025 revealed that primary listings, where Gate was the first major venue, significantly outperformed secondary listings, posting a median 24-hour return of 12.56% versus 1.18% for non-primary listings.
The most intense price discovery occurred in Gate's exclusive pipeline, where nearly 80% of tokens gained value within the first 30 minutes, achieving a median gain of nearly 81% in that short window. However, the report cautions that the initial listing bounce fades quickly, with the 30-day median return dropping to -25%.
Gate's success was attributed to focusing on key narratives like community-driven traffic (Pi Network), AI infrastructure (Unibase), and the attention economy (MUBARAK), positioning the exchange as a strategic launchpad for high-momentum assets.
(Source：BeInCrypto)