Today, while the entire crypto market is in a festive mood, Binance Wallet's 7th IDO project PumpBTC, with a trading volume of over a million dollars, directly pierced through and ended the gains of the past week.

IDO + Alpha can indeed allow some early-stage low-market-cap projects to have a direct path to Binance spot trading later, but it may also lead some unconfident project teams to give up midway, so be cautious of the risks.