Binance Alpha's market cap stands at $13.33 billion, up 0.56% in the past 24 hours, while trading volume sits at $9.13 billion, mirroring the broader crypto market's defensive positioning.
The crypto market is stuck in Fear mode, but Binance Alpha tokens are putting on a show. While Bitcoin dominance climbed to 58.6% and the Fear & Greed Index hit 20/100, Alpha's early-stage plays delivered triple-digit gains for those willing to stomach the risk.
BNBHOLDER ripped 293% over seven days, leading a pack of tokens that ignored the macro gloom. Meanwhile, new listings like Irys and Kyuzo's Friends sparked participation scrambles, even as a system glitch forced Binance to refund Alpha Points to affected users.
TL;DR
- 币安Holder surged 293% in seven days, topping Alpha gainers despite broader market fear
- Binance Alpha market cap: $13.33B (+0.56% in 24h), trading volume: $9.13B (-12.23%)
- New listings: Irys (IRYS) on Nov. 25, SUPERFORTUNE (GUA) on Nov. 27
- Kyuzo's Friends (KO) airdrop hit technical issues; Binance refunded all affected users' Alpha Points
- Derivatives activity confirms risk-off mood: perpetuals open interest +0.09%, volume -21.94%
Market Overview
Binance Alpha's market cap stands at $13.33 billion, up 0.56% in the past 24 hours, while trading volume sits at $9.13 billion, mirroring the broader crypto market's defensive positioning.
The disconnect between Alpha's performance and macro conditions creates a unique environment. While established tokens face selling pressure from deleveraging and ETF outflows, Alpha's early-stage projects operate with different dynamics. Smaller float sizes, community-driven launches, and airdrop mechanics generate buying pressure independent of broader market sentiment.
Derivatives activity confirms the risk-off mood. Perpetuals open interest rose just 0.09% to $824.1 billion, while 24-hour volume dropped 21.94% to $296.16 trillion. Average funding rates fell 79.57% weekly to +0.0010134%, indicating weak speculative demand. Yet Alpha tokens continue to attract traders seeking early-stage exposure, with volume holding relatively steady despite price volatility elsewhere.
New Listings Keep Coming
Irys (IRYS) launched Nov. 25, 2025. Alpha claimed first-mover status on the listing, with eligible users able to claim airdrops using Alpha Points once trading opened. Point thresholds were announced separately.
Kyuzo's Friends (KO) launched Nov. 23, 2025, at 9:00 a.m. UTC. Users with at least 256 Alpha Points could claim 640 KO tokens on a first-come, first-served basis. The threshold dropped 5 points every five minutes if supply remained. Each claim consumed 15 Alpha Points, with users having 24 hours to confirm on the Alpha Events page.
SUPERFORTUNE (GUA) launched Nov. 27, 2025. The token gained 205% in the week leading up to launch, demonstrating how pre-listing speculation can drive price action among Alpha tokens.
Top Gainers Buck the Trend
7-Day Gainers:
- 币安Holder (BNBHOLDER): +293.53% to $0.004955, $4.96M market cap
- pippin (PIPPIN): +229.52% to $0.07218, $72.18M market cap
- SUPERFORTUNE (GUA): +205.49% to $0.1246, $5.61M market cap
- Rekt (rekt.com) (REKT): +163.49% to $0.064036, $112.98M market cap
- 三维威廉泰尔企鹅 (Vulgar Penguin): +155.05% to $0.003724, $3.72M market cap
- Subsquid (SQD): +140.80% to $0.1124, $105.18M market cap
- Fwog (SOL) (FWOG): +111.73% to $0.01463, $14.28M market cap
币安Holder's nearly 300% gain came despite a 6.25% pullback in the past 24 hours, suggesting early buyers took profits while momentum remained. Subsquid's $105.18 million market cap makes it one of Alpha's larger plays, offering slightly more liquidity than the sub-$10M names dominating the leaderboard.
24-Hour Trending:
- Subsquid (SQD): +90.01% daily, $105.28M market cap
- Nubila Network (NB): +146.90% daily, $3.43M market cap
- Tradoor (TRADOOR): +83.36% daily despite -10.23% weekly, $36.23M market cap
- Fwog (SOL) (FWOG): +56.74% daily, $14.09M market cap
- pippin (PIPPIN): +26.38% daily, $71.54M market cap
- Safe (SAFE): +3.80% daily, $112.04M market cap
- Roam (ROAM): +8.50% daily, $25.45M market cap
Tradoor's 83% daily pump, despite being down 10% on the week, shows how Alpha's early-stage tokens can move independently of macro conditions. The mix of gainers and decliners on the trending list highlights Alpha's volatility.
Fear Dominates Sentiment
Social sentiment scored 5.05/10, with conflicting narratives reflecting market uncertainty. Bullish posts highlighted Bitcoin reclaiming $91K and Ethereum's gas limit upgrade, while bearish posts criticized exchange listing fees and money laundering risks.
DeFi tokens like Chainlink (+11.88%) and Stellar (+14.74%) posted gains, while AI meme coins saw speculative interest;TURBO surged 94.79%, but lacked broad momentum. Perpetuals open interest rose just 0.09% to $824.1 billion, while 24-hour volume dropped by 21.94%. Average funding rates fell 79.57% weekly to +0.0010134%, indicating weak speculative demand.
How To Participate in Binance Alpha
Participation revolves around the Alpha Points system. Points are earned by holding or trading eligible tokens on Binance Alpha, with only the last 15 days counting toward eligibility.
Participation Process:
- Earn Alpha Points through holding/trading eligible Alpha tokens
- Monitor announcements on Binance News and the official X account
- Redeem points on the Alpha Events page once trading begins
- Requirements change with each project (The Kyuzo's Friends airdrop required 256 points for 640 KO tokens)
- Confirm claims within 24 hours or forfeit eligibility
- Each claim consumes 15 Alpha Points
Staying Updated: Requirements change with each project. Follow Binance News, Binance Square, and Binance's X account for the latest criteria and participation windows.
What You Should Watch
- Track your rolling 15-day point balance: The expiration mechanism means periods of inactivity directly reduce future participation eligibility
- Monitor the 24-hour confirmation window: Users must assess token fundamentals, price action, and allocation size within this narrow timeframe
- Watch Bitcoin dominance at 58.6%: It’s just 1.4 percentage points below the 60% level that historically marks prolonged altcoin downturns
- Monitor post-listing price action: Tokens that gain significantly pre-launch often face profit-taking pressure once trading opens
- Fear & Greed Index movement: A return to "Neutral" sentiment (50+) could fuel sustained altcoin rallies
- Check for new listing announcements: Alpha maintains aggressive listing pace despite broader market turbulence
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