Binance Overhauls Its “Alpha Airdrops” Program Following the Collapse of the ZKJ Token

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news report on Binance overhauling its Alpha Airdrops program after its points system was exploited, leading to the ZKJ token collapse

Binance introduces a two-phase airdrop system after bot manipulation threatens Alpha Points integrity.
ZKJ and KOGE tokens collapse in a liquidity spiral triggered by whale exits and speculative Alpha farming.
Binance warns users of bot abuse, excluding mutual Alpha token trades from rewards and tightening airdrop rules.

Binance exchange has announced a significant overhaul of its Alpha Airdrops program, starting June 19th. The move to a new two-phase system comes just days after the collapse of the ZKJ and KOGE tokens exposed how the platform’s incentive structure could be exploited by whales and bots.

In the first phase, users with Alpha points above a certain threshold (X) can claim the airdrop. In the second phase, the threshold drops (Y < X), and tokens are distributed on a first-come, first-served basis until exhausted.

Important Announcement:

Starting from June 19th, 2025, the Binance Alpha Airdrop will be distributed in two phases:

Phase 1: Users who meet the Alpha point threshold (X) can claim the airdrop within a period.
Phase 2: The threshold will be lowered to Y (Y < X); and claims will…
— Binance (@binance) June 17, 2025