Bondex token rug?

The current value of BDXN has decreased by 96% compared to its offering price and continues to decline. Currently, according to CMC, the market cap of this token is at 8M. This is a project that was listed on Alpha and listed for future trading, but there is no trading volume and the price keeps falling. It's unclear where the tokens came from, but daily the price chart decreases by 5-10% compared to the previous day. Is this the first Binance Alpha project that will rug?

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