In the past 24 hours, the cryptocurrency market has experienced a series of abnormal crashes in altcoins traded on Binance. Tokens including HIFI, BMT, CHESS, SOON, and OBOL have all seen significant declines, with the largest drop reaching 37%. Most of these tokens are from the Binance Alpha segment.

This drop has not been accompanied by any obvious negative news from the project teams, leaving the investor community confused and raising concerns about abnormal trading behavior or leveraged liquidations within the exchange.