June 16, 2025 – In a decisive response to recent market turbulence, Binance has announced a major overhaul of its Alpha Program, following the dramatic collapse of #ZKJ and #KOGE tokens.
In an official statement, Binance acknowledged the significant price volatility observed in the $ZKJ and $KOGE tokens, attributing the disruption to “large-scale liquidity withdrawals by major investors,” which triggered cascading liquidations across the network.
As part of its emergency response, Binance will be excluding trading volume from Alpha Score calculations, effective 00:00 UTC on June 17, 2025. This represents a significant policy shift aimed at mitigating systemic risk and curbing potential market manipulation.
> “Binance is aware of the high price volatility experienced in ZKJ and KOGE tokens. Initial findings indicate that this situation is due to large investors withdrawing liquidity on-line, followed by a chain reaction of liquidations,” the company stated.
Key Policy Update:
Alpha Score Reform: Trading volume for Alpha-listed token pairs will no longer contribute to project scores.
Implementation Date: The change takes effect at 00:00 UTC on June 17, 2025.
This strategic pivot is expected to have far-reaching implications across the entire Alpha ecosystem. While the move is aimed at enhancing transparency and fairness, it has also sparked uncertainty among investors and concern within project teams, many of whom rely on Alpha Score rankings for exposure and funding.
The collapse of ZKJ and KOGE has sent shockwaves through the crypto community, raising questions about market stability, liquidity dynamics, and the vulnerability of decentralized finance protocols.
Binance's rapid intervention marks a significant moment for the platform and may usher in a new era of governance and accountability for emerging crypto projects.
