The whole network is waiting for @LagrangeFndn's airdrop, and the popularity of Lagrange has already skyrocketed to first place, which I didn't expect.
Yesterday, three major factors of FUD started in the Chinese and English communities:
1. The announcement of listing on Binance alpha without a major exchange; this was the trigger;
2. The airdrop query page has not been released yet;
3. There are rumors that only those on the mainnet can receive it first.
However, several things have shown everyone a turnaround:
1. Each Binance alpha user will receive 160 LA tokens. Even if the maximum of 80,000 people are distributed in one batch, only 12.8 million tokens will be released, and the actual estimate is lower than this, with around 1% sold off, which is not a large impact, and the airdrop is 10%.
2. Based on the historical value of alpha tokens, excluding extreme outliers, the token value is likely over 50 USD, and the individual token price should be above 0.3, rather than the pre-market price of 0.128, which has no reference value with only 4 orders.
3. Binance has started strict account checks today, and the number of accounts meeting the conditions is expected to decrease significantly, resulting in even less sell-off pressure.
The data in the figure below comes from a website created by @litangsongyx, which is quite good.