The rise of IO is most likely driven by Binance's coin listing department and strategic department.

The two Launchpool mining projects on Binance are Not and Rez, which end on May 16 and April 30 respectively.

At that time, the market conditions were very bad, and the market was particularly disgusted with VC coins with low circulation and high valuation.

Therefore, Not, a fully circulated Meme coin, was launched after Rez. From the launch of Not, it can be seen that the relevant departments of Binance are referring to the market's suggestions.

After Not, IO was launched. IO is a typical VC coin.

Combined with Mr. Chen Jian's investigation, it can be learned that the initial circulation of IO is higher than that of other newly launched coins.

In conjunction with the current rise of IO, contrary to the normal situation that the newly launched coins will fall in the short term, I feel that the rise of IO this time is definitely driven by Binance and the project party. The importance of the relevant departments of Binance in the rise of IO this time is very large!

Combined with the previously launched fully circulated Not, I think my guess should make some sense.

I would like to thank Yijie and Binance😘.

Tokens with high valuations, high unlocking and low circulation are a difficult problem in the industry. Binance has set a good example for the industry. No matter how much it will fall back after such a rise, at least Binance is working hard, trying, and trying its best to make the leeks earn more.

Of course, if my guess is wrong, just treat it as a joke😊

If I didn’t have the prejudice that “new coins need to be cleaned up for a period of time after opening”,

Maybe I could also catch the increase of BB, Not, and IO.

After BB opened, I mentioned in the small group that BB is the first coin of Megadrop, and its performance should not be too bad, so it quickly hit a new high after a short-term decline.

Not is a new fully circulated meme coin that Binance introduced after referring to market suggestions, and it has directly achieved an astonishing increase.

And now IO...

Unfortunately, I have always been prejudiced against new coins, and I will pay more attention in the future 😂