[Binance Alpha New Coin Quick Glance] $QUID

What is this Squid (the token of the cross-chain routing protocol Squid Router, not a “Squid Game” meme coin—there are multiple tokens with the same name in the market, so be sure to distinguish them)? It focuses on one-click cross-chain swapping, supports 100+ networks, has processed historical transaction volume of over $6 billion, and is integrated into popular wallets such as MetaMask, Ledger, and MiniPay. It’s an “infrastructure-type” token rather than a pure narrative token.

Key data

  • Chain: Base (ERC-20)

  • Total supply: 1 billion coins, no additional minting

  • Public offering price: $0.045 (oversubscribed by 11.8x; participated by 3,535 people from 78 countries; raised $26.5M)

  • TGE: 2026/8/4, Binance Alpha goes live

  • Current price: $0.1003 (as of 8/6, taken from the official Binance Alpha chart)

  • TGE day range: low $0.045 → high $0.1787 (+297%) → close $0.1443

  • Currently, it has retraced more than 40% from the recent high and is in a consolidation phase

  • Listed simultaneously: Bitget, Kraken, PancakeSwap (Base)

Unlock structure: Public sale allocation (5%) is fully unlocked on the TGE day. However, investors (30.39%), team advisors (23.95%), and strategy partners (10%) together account for over 60% of the tokens locked for 12 months, and then will unlock linearly over 24–36 months afterward. Near-term selling pressure mainly comes from the public sale tranche and a small portion of unlocks from the ecosystem/treasury. Structurally, it is healthier than the common scenario of “large unlocks immediately upon listing” seen with some other tokens in the market.

Risk score: Medium

  • Reason: The fundamentals (real usage, wallet integrations) are solid, but on the first day of the TGE there was a ~3x swing in a single candle. Volatility remained high in the early listing period. In addition, the official has already clarified that aside from Binance Alpha points, there are no other official token drops/airdrops. Recently, there have been impersonation messages and scams—when claiming an airdrop, please make sure you only use the official Alpha Events page.

Position view / Signals

  • TGE closing price $0.1443: only if it reclaims and stays above this line can it be considered that buy-side confidence for the TGE has been re-established

  • Consolidation range over the past two days: about $0.090–$0.115

  • Breaks below $0.090 (lower bound of the consolidation range): considered short-term weakness. Focus on observation; don’t add more

  • Stabilizes and breaks above $0.115 with increased volume: considered a short-term potential downtrend reversal signal; you may consider a small-position test trade

  • Points threshold: ~243 points (check the Alpha Events page for real-time threshold; it will fluctuate over time)

  • Positioning suggestion: a fundamental-driven token, suitable for a small-position test trade to observe the subsequent unlock schedule. Not recommended to chase at high prices with a large position

💬 Interactive question: On the TGE day, the price surged nearly 3x and then quickly fell 40%—would you treat this kind of move as a “get on the train after the ride is thrown off” opportunity, or as a signal to leave and observe?

$QUID
#ALPHA