- •AB token plunged from $0.0083 to $0.0000051 in 2 minutes
- •Partial recovery to $0.00151 still leaves it 80% down
- •Market suspects liquidation or manipulation behind crash
In a shocking market move, the Binance Alpha token (AB) experienced a near‑total collapse in value on Binance, plummeting 99% in just two minutes, according to live market data. The token dropped from $0.0083 to $0.0000051 before rebounding to $0.00151—still more than 80% down from its previous level.
This extreme volatility sent shockwaves across crypto trading communities, sparking speculation around possible liquidation events, smart contract failures, or even market manipulation. The rapid drop and partial recovery left traders scrambling for explanations and losses.
What Caused the Crash?
While Binance has not yet issued an official explanation, such abrupt movements in low‑liquidity tokens are often the result of a large sell‑off, compromised wallets, or flawed trading bots. In this case, the Binance Alpha token may have suffered from a combination of thin order books and panic selling, which allowed a massive price swing in a very short period.
Some traders pointed to potential liquidation of large leveraged positions, while others speculated it could be a “rug pull” or the result of an exploit. However, no confirmation has surfaced yet.
Caution for Traders Amid High‑Risk Tokens
Events like this highlight the risks associated with trading lesser‑known or newer tokens, especially those with limited market depth. The Binance Alpha token’s flash crash serves as a reminder that extreme volatility remains a key characteristic of the crypto space—particularly among altcoins.
For now, while the token has recovered slightly, confidence remains shaken. Traders are advised to watch for updates from Binance and proceed cautiously with tokens showing irregular trading behavior.