Bybit sees over 2700% average token price surge on day one listings

A recent report by Simplicity Group Research identifies Bybit Exchange as the top performer for the highest average price increase on the first day of token listings among major cryptocurrency exchanges, with an impressive average surge of 2738%, Cointelegraph reported. Bybit was followed by OKX (630%), KuCoin (603%), Gate.io (415%), MEXC (405%), Binance (111%) and Coinbase (24%). However, Bybit's token prices experienced a significant drop of around 2,200% by the end of the first week, in contrast to the more stable price movements observed on KuCoin and OKX over the same period.