Binance Alpha promised adoption, but the data says otherwise:
41% of tokens dropped post-launch
+ Median airdrop: $25
+ Entry cost: $300+ in volume
+ Many retraced -75%
+ 41% saw FDV drop post-launch.
Is this product-market fit or just fee farming?

Binance Alpha is just another "Let's extract $100M+ from the market."
🧵

defizard

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haha i believe my frens have been farming Binance Alpha and treat it as airdrop farming ngl
they have a bunch of Binance account to farm those pjs tho