【What does it mean that exchanges are rushing to grab projects?】
Binance has just announced that Allora ($ALLO ) will officially launch tonight at 9 PM and will be included in the latest HODLer airdrop. This is not an ordinary launch; it comes with airdrop benefits.
📌 Who can claim the airdrop?
From October 23 to 25, users who have purchased BNB Simple Earn or on-chain financial products will essentially receive ALLO for free, pure profit with no risk.
🧠 What is Allora?
A decentralized AI network with real-world application scenarios, which of course also includes some conceptual hype. Being selected for launch and airdrop by Binance is equivalent to official endorsement, raising the narrative heat of the AI sector a notch.
What's more noteworthy is——
OKX has also announced that it will rush to launch ALLO.
💡 What does it mean for exchanges to rush for projects?
Whoever launches first can capture the initial wave of traffic and seize the initial trading volume. In such situations, prices often experience extreme volatility.
Liquidity is usually poor right after the launch, and large investors can easily engage in wash trading, causing prices to spike quickly or plummet.
🛠 How to respond?
- If you have spare investment capacity: Hold on and don’t rush to sell, consider selling tomorrow; don’t be in a hurry to waste free money.
- If you don’t have spare investment capacity: It’s not recommended to chase high in spot trading.
- Regarding contracts: Tonight, you can implement a hedging strategy, holding a bit of both long and short, and close the long position in the morning to take advantage of short-term price fluctuations; the probability of profiting on both sides is not low.
Exchanges are rushing to launch, users are rushing to claim, and the market heat will naturally be boosted. Today, the overall profit effect in the market is average, and funds are likely to flow here. Personally, I will consider implementing a hedging strategy.
