The thunder of Alpha will slowly burst out. Previously, when we were earning points with $ZKJ, it was just like a stablecoin. This wave of thunder was also expected 🌚
I told my friends back then, don't be fooled by how stable ZKJ seems; it's a low-quality coin. Everyone was using it to earn points, buying and selling, while the market makers gradually exchanged hands. Once people developed the habit, more and more users became dependent on it. The project team is not doing charity work, creating a stablecoin just for you to earn points.
In fact, the project team is also helpless. Once launched, it was used for earning points, buying and selling, making it difficult for market-making. This wave of thunder shows a significant change for Alpha, and there are bigger thunders to come. Although Alpha has created a lot of value for the platform, as players, we must understand that they're not just giving you money for the long term.
There are a few points we need to be clear about: First, as part of the platform's ecosystem, it is meant to provide better value services. However, now the Alpha airdrop has been distorted by the market. Daily point earning has led many professional teams to exploit it with multiple accounts, leaving real users without benefits (I still miss the days when simply holding $BNB platform tokens guaranteed a share of the profits).
Second, the Alpha segment consists of secondary projects that don't truly engage in meaningful activities. It's an incubator for scams, with countless coins collapsing. As the market worsens, this will happen more frequently, so you need to know that it's a minefield; one careless move can lead to an account explosion 💥
Third, you should check how many of Alpha's coins can actually be traded on spot markets and have trading volume. The contract prices on exchanges are often far from the prices on-chain 😱 Once you understand this, you'll realize the implications. After a collapse, everything is rushed and you have to bear the risks of such major collapses yourself.
(Fortunately, there are contracts available to take definitive shorts during the collapse)
