Sinking In Minutes: Binance Alpha Token Plunges 99% In Shocking Price Meltdown

AB Token plunged nearly 99% in a matter of minutes on Binance Alpha, then staged a partial bounce that left traders ￰0￱ to market trackers, the token fell from about $0.0083 to $0.0000051 in roughly two minutes, wiping out almost all of its value at the low ￰1￱ Reading: XRP Open Interest Nears $3B As CEO Sees $10B ETF Inflows Ahead Trade data shows a rebound afterward, with prices climbing back toward $0.00151, though that still left the token more than 80% lower for the ￰2￱ Token Sudden Crash Shows Market Fragility Based on reports, the bloodbath unfolded very ￰3￱ volume spiked as roughly 573,000 AB tokens changed hands during the volatility, which pushed the 24-hour volume past $5 ￰4￱ numbers were thin by comparison: the token’s liquidity pool was reported at about $2.17 ￰5￱ gap between volume and liquidity can make markets vulnerable when large orders ￰6￱ to Binance market data, the Binance Alpha token AB plunged from $0.0083 to $0.0000051 within two minutes — a drop of about 99% — before rebounding to $0.00151, still down more than 80% on the ￰7￱ — Wu Blockchain (@WuBlockchain) October 9, 2025 The Likely Culprit Observers pointed to concentrated ownership as a likely ￰8￱ have disclosed that the top 10 wallets controlled more than 97% of the circulating supply, which is listed at about 81 billion AB tokens with a total supply around 98 ￰9￱ so much of a token sits in a few hands, a single large sell order can push the price through multiple levels with little resistance.

On-chain reports showed two large sales around the event: one for 192 million AB and another for 500 million AB, moves that coincided with heavy downward ￰10￱ On What Triggered The Plunge Market watchers suggested a number of possible triggers. A big wallet dump, a market maker pulling liquidity, or algorithmic trading that amplified price swings were among the ideas ￰11￱ the token trades on several venues, including Bitget and Gate, contagion between platforms can happen ￰12￱ official explanation has been released by Binance or the AB project team, and that lack of comment has left traders relying on public trades and exchange charts to piece the timeline ￰13￱ Reading: XRP Fear Index Spikes To 6-Month High, And That Could Spark Its Next Breakout On Recovery & Damage The price later retraced some losses, and some reports said it nearly reached prior levels at times.

However, that bounce did not erase the hit to ￰14￱ retail traders who were hit by the flash crash reported losses, and sentiment turned strongly negative in the short ￰15￱ image from Pixabay, chart from TradingView