Originally thought it was a highlight debut, but as soon as trading opened, it turned into a 'red alert' 🚨
From $1.60 it plunged all the way to $0.58, with a first-day drop of up to 50%, leaving investors dumbfounded.
📉 Why did this happen?
Binance airdropped 15 million $ALLO, and holders of $BNB started dumping as soon as they received it 💥
Early allocated users are frantically selling, and the selling pressure directly brought the price to the floor.
Coinbase's spot launch failed to bring rescue, and the 'good news' was swallowed by a cash-out wave 😱
This scene once again proves that no matter how big the platform support is, it cannot stop the market's true response.
Good news is not a guarantee; selling pressure is the reality. 💡
🧠 Ask everyone:
Do you think this wave is a 'short-term crash' or a 'long-term trap'?
Leave a comment with your thoughts 👇 Let's discuss this bloodbath!
#AlloToken #Binance #BinanceSquareTalks #CryptoNews #幣安廣場 
