Bullish Or Bearish: What Really Happens When Tokens List On A CEX

TL;DR — In this analysis, we estimated the impact of listing a token on three exchanges: Bybit, Binance, and MEXC. Price and listing data were used for the analysis. Data was extracted by using methods specific to these exchanges. The study indicated that 7 days post-listing, Bybit and Binance listings were bullish. Over the 30-day and 60-day period, listings on all exchanges showed no clear statistical significance from regression estimates, although directionally, the regression estimates were bullish. In contrast to this, over the 30-day and 60-day period, the price action was bearish from the pre-post analysis. For traders, our research provides a primer of strategy: buy before listing if possible, or on the day of listing and sell before the 7th day. Smaller tokens on Binance may be more bullish than other token listings.