The turmoil surrounding Binance Alpha continues, with the market's focus shifting to "which Alpha token might next reenact the flash crash drama of ZKJ and KOGE." Many speculate that the AB token, which features the former Prime Minister of Ireland and the former President of Serbia prominently on its homepage, could be the next project facing the risk of a significant loss.

The AB token is a charity project created by an NGO registered in Ireland, focusing on the theme of "technology for good," and officially launched on April 12 of this year. However, within just two months, the AB token has surged to the forefront of trading volumes on Binance Alpha. On June 7, Binance Alpha announced the listing of the AB token, with users eligible to claim an airdrop. As of June 15, the trading volume of the AB token had reached $65.69 million, ranking third in Binance Alpha's trading volume for the day.

1. Team Background: The official website of AB DAO reveals that its team members include several former European heads of state, such as Bertie Ahern, the former Prime Minister of Ireland, and Boris Tadić, the former President of Serbia. This "assembly of European political figures" has raised widespread skepticism in the market.

2. Token Distribution: The distribution of the AB token is extremely concentrated, with the top wallet holding approximately 97.29% of the tokens, while the second-ranked Binance wallet address holds only 0.71%. This highly concentrated holding structure increases the risk of market manipulation.

3. Valuation and Liquidity: The fully diluted valuation (FDV) of the AB token is as high as $1.5 billion, yet its liquidity pool is only around $1.5 million. This combination of high valuation and low liquidity creates significant uncertainty in the market performance of the AB token.

4. Contract Issues: Key information regarding the AB token contract, such as open-source status, pool renunciation, and locking, has not been disclosed. Additionally, its official X platform account has changed names twice, from @ABDAO_Global to @newton_project, further increasing the market's distrust.

These characteristics of the AB token have sparked widespread concerns in the market, with many believing it could follow the same path as ZKJ and KOGE. The mechanism issues of Binance Alpha have once again come under the spotlight, with its listing thresholds and review mechanisms being questioned.

Currently, Binance Alpha has gradually deviated from its original intention of "tracking Alpha token projects," instead becoming a farce of "me pretending to list tokens, you pretending to score points." It is no wonder that many crypto project founders are turning to Meme coins or jumping into the AI startup boom when controversial projects like AB can be listed on Alpha. For investors, participating in such high-risk projects requires extra caution; a misstep could easily make you the one footing the bill for the market's feast.

The turmoil surrounding Binance Alpha continues, with the market's focus shifting to "which Alpha token might next reenact the flash crash drama of ZKJ and KOGE." Many speculate that the AB token, which features the former Prime Minister of Ireland and the former President of Serbia prominently on its homepage, could be the next project facing the risk of a significant loss.

The AB token is a charity project created by an NGO registered in Ireland, focusing on the theme of "technology for good," and officially launched on April 12 of this year. However, within just two months, the AB token has surged to the forefront of trading volumes on Binance Alpha. On June 7, Binance Alpha announced the listing of the AB token, with users eligible to claim an airdrop. As of June 15, the trading volume of the AB token had reached $65.69 million, ranking third in Binance Alpha's trading volume for the day.

1. Team Background: The official website of AB DAO reveals that its team members include several former European heads of state, such as Bertie Ahern, the former Prime Minister of Ireland, and Boris Tadić, the former President of Serbia. This "assembly of European political figures" has raised widespread skepticism in the market.

2. Token Distribution: The distribution of the AB token is extremely concentrated, with the top wallet holding approximately 97.29% of the tokens, while the second-ranked Binance wallet address holds only 0.71%. This highly concentrated holding structure increases the risk of market manipulation.

3. Valuation and Liquidity: The fully diluted valuation (FDV) of the AB token is as high as $1.5 billion, yet its liquidity pool is only around $1.5 million. This combination of high valuation and low liquidity creates significant uncertainty in the market performance of the AB token.

4. Contract Issues: Key information regarding the AB token contract, such as open-source status, pool renunciation, and locking, has not been disclosed. Additionally, its official X platform account has changed names twice, from @ABDAO_Global to @newton_project, further increasing the market's distrust.

These characteristics of the AB token have sparked widespread concerns in the market, with many believing it could follow the same path as ZKJ and KOGE. The mechanism issues of Binance Alpha have once again come under the spotlight, with its listing thresholds and review mechanisms being questioned.

Currently, Binance Alpha has gradually deviated from its original intention of "tracking Alpha token projects," instead becoming a farce of "me pretending to list tokens, you pretending to score points." It is no wonder that many crypto project founders are turning to Meme coins or jumping into the AI startup boom when controversial projects like AB can be listed on Alpha. For investors, participating in such high-risk projects requires extra caution; a misstep could easily make you the one footing the bill for the market's feast.