📍What are users doing on #Binance #Alpha?

📌Even though there are more than 20 alpha tokens running campaigns at the same time, trading volume is still heavily concentrated on 3–5 tokens each day, usually those that have just appeared or have campaign updates (B3, SD, GEAR, BUZZ,…).

-> This shows a trend of fragmented trading: Users do not farm evenly but selectively choose strong narratives to reduce risk.

📌Trading mainly occurs during peak hours in Asia: The hourly volume chart shows that the two strongest trading timeframes are from 10 AM to 1 PM (Beijing time).

-> The majority of trading activity comes from users in the Asian region - where there is a strong retroactive farming culture.

📌Median volume per buy transaction is slightly decreasing, indicating that more retail users are starting to participate, breaking down trades to farm points or limit risk.

-> After the infamous rug pulls in June, users shifted to farming "just enough volume" to make it into the snapshot.

📌Overall volume tends to be sideways, but the number of transactions remains stable.

-> There is no new capital flow; retail users continue to farm points at a steady pace rather than making large bets. There may be no changes until a new incentive program from Binance.

📌Tokens that are hot will clearly push spikes in volume & transactions.

Just one token with a strong narrative or retweeted by a major influencer can immediately create a volume spike of over $10M/hour (last week it was $SD, $TRISIG, $BUZZ).

-> The alpha users who continue to farm in the current phase are extremely sensitive to the market.

=> The current trend on Binance Alpha is short-term trading, selectively choosing new tokens, breaking down orders, and maintaining a steady pace to farm points.