Once a shining beacon in the market, Binance Alpha now finds itself in a pitiful decline, with users and trading volume evaporating like morning mist.
Ah, the flash crash of ZKJ and KOGE! A tale of woe that has stunted the once-promising growth of this platform. Who knew that a couple of tokens could cause such a ruckus? 😅
Binance Alpha Sees Drop in Trading Volume
According to the wise sages at Dune, active Binance Alpha users have plummeted from a staggering 233,000 on June 12 to a mere 195,000 by June 15. That’s a loss of nearly 40,000 users in just three days! Talk about a mass exodus! 🚪💨 And the active trading users? They’ve dwindled to around 55,000, signaling a catastrophic decline in morale and trust.
The root of this calamity? The unexpected flash crash of ZKJ and KOGE, triggered by those pesky whale wallets that decided to withdraw liquidity like it was going out of style. This sparked a sell-off frenzy, leaving the pool structure gasping for air under the weight of accumulated dump orders. 🐋💔
In the aftermath, Binance Alpha’s trading volume, which had once soared to $2.04 billion on June 8, took a nosedive of 63%, plummeting to approximately $749 million just days later. Ouch! 📉
its airdrop-based model fosters short-term sentiment, leading to concentrated volume in easily manipulated tokens. Who could have seen that coming? 🙄
The AB token now accounts for more than 63% of the trading volume on Binance Alpha in a single day. Once upon a time, ZKJ & KOGE held the crown, but when those large wallets withdrew, the whole system came crashing down like a house of cards. 🏰💔
“There is no particularly good target. Even if the wear is low, there is still a risk of price fluctuations,” an analyst on X commented. Wise words, indeed! 🧐
To rebuild and recover, Binance may need to establish a transparent point allocation mechanism to discourage artificial volume, reduce reliance on centralized tokens, and prioritize projects with strong liquidity and distribution. Sounds simple, right? 😏
Additionally, implementing anti-bot technology to control abnormal trading activity and enhancing policy adjustment transparency will be crucial. The community deserves to be informed early and have a chance to provide feedback to maintain trust. After all, trust is the currency of the realm! 💰
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2025-06-18 14:16