Today #ALPHA🔥 wear 1.88u, trading volume 3.3w

Yesterday I kept seeing chatter about #ALPHA migrating to aster, He Yi replied on X that he doesn't know, friends can rest easy for now. However, when I woke up this morning, it was another classic sea of red, the market is barely alive, winter has arrived, friends should lower their expectations, this situation is likely to be tough to endure.

There are hundreds of new projects in the crypto space every day, it's not that there are no projects. In a bull market, projects line up to launch, and in a bull market, good projects usually have the funds to pump and then take profits. However, in a bear market, good projects often delay launching due to funding pressures and other reasons, as most project teams lack the funds to pump; they might just get dumped as soon as they hit the exchange. If Binance relaxes the listing requirements and allows random listings, there will be airdrops, but if a coin goes to zero, it will impact those who do not participate in airdrops and affect the exchange's reputation. It’s common to see complaints about new coins going to zero and users criticizing Binance for not auditing; these are real users too, and the platform needs to consider them. Moreover, new users are already scarce in a bear market; even through alpha, it likely won't attract many new users, so the platform doesn't need to work hard for little reward.

Additionally, competition among other platforms is very fierce; perhaps airdrops will undergo changes, but regardless, among so many platforms, only Binance genuinely provides benefits to retail investors.

Coinbase has allowed regular users to participate through platform audits, and their previous airdrop public fundraising system was very successful. The previous target fundraising amount of $MON was $187.5 million, and the final fundraising amount was $269 million, with nearly 86,000 participants from over 70 countries.