Binance Alpha Trading Volume Plummets 51% in Six Days

Binance Alpha’s trading volume has experienced a significant decline, dropping 51% over six days to June 14, 2025. This sharp decrease from a peak of $2.04 billion on June 8, as reported by Binance’s official Square blog, raises concerns about the platform’s future for early-stage projects. The decline has particularly impacted tokens like $ALPHA and $BNB, which have seen reduced user engagement in airdrops and token launches. Binance, led by CEO Richard Teng since November 2023, has remained silent on the matter despite speculation online.