With the joining of the former President of Serbia, will AB become the next ZKJ of Binance Alpha?

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The turmoil of Binance Alpha continues, with market focus shifting to "Which Alpha token will be the next to experience a flash crash like ZKJ and KOGE?" Many are speculating that AB, which features former Irish and Serbian leaders on its official website, might be the next project to suffer significant losses. How did a charity project created by an Irish NGO focused on "technology for good" become one of the top-traded tokens on Binance Alpha? And how did a project that only officially launched on April 12th this year become a Binance Alpha listing in just two months? On June 7th, Binance Alpha announced AB token as its latest listing, with users scoring over 225 on Binance Alpha eligible for an airdrop of 9,882 AB tokens. At the time, AB token was priced around $0.01, and its contract went live around 13:46 on June 4th. Ten days later, AB token had risen to the top of Binance Alpha's trading volume. According to @pandajackson's Dune dashboard, on June 15th, Binance Alpha's trading volume dropped below $1 billion to $777 million. That day, ZKJ's trading volume was $417 million, KOGE's was $91.72 million, and AB's was $65.69 million. After the ZKJ and KOGE token flash crashes, many suddenly realized that AB token's fully diluted valuation (FDV) is as high as $1.5 billion, comparable to established projects like CAKE, LIDO, and S. The project's official website reveals a team composed of numerous European political figures, with the board of directors including former prime ministers and presidents from various countries. The senior advisory committee covers five continents and includes nearly 30 current and former national leaders, international organization heads, and policy experts. The token's holding structure is particularly unusual. According to GMGN, the top wallet (0x762) controls about 97.29% of tokens, while the second-largest wallet (Binance) holds only 0.71%. The total token supply is 98.82 billion, with a current circulating supply of 61.78 billion. The project claims to be a high-performance, modular, heterogeneous blockchain network, with its core token AB enabling cross-chain deployment through AB Connect, adhering to the "AB Anywhere" concept. Currently, Binance Alpha seems to have lost its original purpose of tracking Alpha token projects, instead becoming a game of "I'll list tokens, you'll farm points." As the crypto landscape continues to evolve, projects like AB highlight the increasingly abstract nature of token launches and the need for more rigorous vetting in the crypto ecosystem.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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