Are Binance Futures Listings Really a Death Sentence for Tokens?

This chart has been circulating widely for the past couple of days and has triggered a wave of outrage among people who invest in tokens that get listed on major exchanges.

It shows the median performance of a portfolio made up of cryptocurrencies whose futures started trading on Binance in 2025. According to the chart, the portfolio steadily loses value over time and ends up deep in the red.

It feels like sentiment toward Binance in the crypto community has become so negative that most people sharing this chart do not question its accuracy at all. The underlying assumption seems to be: if Binance launches a new futures contract, the token is basically doomed. A collapse is treated as a given.

Still, I cannot help but be skeptical.

It is hard to believe that almost any token whose futures appear on Binance loses 80% of its value within 300 days.

• First, that would be way too easy. Spot a new futures listing, open a short, wait 300 days, and get 80% profit. Markets rarely work that cleanly.
• Second, for a futures contract launched in 2025 to already have a 300-day history, it must have started trading between January and March. That is a very small sample size.

To be clear, I am not trying to defend Binance. I am not a fan of centralized exchanges either. That is exactly why rabbit.io exists - as an alternative where you can swap cryptocurrencies at the best rates without hidden mechanics or manipulation.

But the narrative that every single token inevitably crashes after appearing on Binance looks like a manipulation of its own. Reality is almost certainly more nuanced than that.