Binance Alpha Token (AB) Drops 99% in Two Minutes

Binance’s Alpha Token (AB) has plunged more than 99% in just two minutes, wiping out millions in market capitalization and leaving traders stunned. According to data from on-chain trackers, AB fell from about $1.20 to below $0.01 during early-morning trading hours on Thursday, before briefly stabilizing. 

The token’s market capitalization, previously above $100 million, dropped to less than $1 million during the event. The drop triggered massive liquidations across leveraged positions and raised new questions about the stability of smaller exchange-listed tokens.

AB Sudden Crash

AB experienced a sudden and severe price depreciation today, underscoring the inherent volatility in the cryptocurrency market. Within minutes, liquidity on Binance’s spot pairs collapsed and the order books thinned sharply.  At the time of writing, the token trades at $0.008324, with a 24-hour trading volume reaching $31 million. This volume represented a 1.17% decline over the past 24 hours and a 0.06% drop in the last seven days. 

Some traders on X described the fall as a “flash crash.’ Others suspect that the decline may be linked to a possible exploit, technical issue, or coordinated sell-off. Furthermore, market analysts suggest that a large sell order or a sudden liquidity imbalance in AB’s trading pairs could have triggered the crash.

Flash crashes are not uncommon in the crypto scene. However, the speed and scale of Alpha Token AB’s fall highlight how rapidly sentiment and liquidity can change in volatile markets. Additionally, this incident may likely impact investor confidence in smaller or newer tokens introduced on major exchanges. 

This is insane! Such volatility reminds us of the risks in crypto trading. Glad to see AB recovered a bit, but this kind of drop raises so many questions. What caused this plunge?

— lufe growth (@lufegrowth) October 9, 2025

What Is Alpha Token (AB)?

Binance’s Alpha Token is a relatively new digital asset launched under the exchange’s Alpha Launchpad initiative. The program is designed to support early-stage blockchain projects and reward community participants.

AB serves as a utility and governance asset within the Alpha ecosystem. It allows holders to gain exposure to new project launches and staking rewards. The project drew attention for its Binance-affiliated branding, but it has faced criticism for unclear tokenomics. Moreover, its limited liquidity and high concentration among a small number of holders have increased its vulnerability to sharp price swings. 

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