Deep Dive
1. Airdrop Sell Pressure (Bearish Impact)
Overview: Binance Alpha’s second airdrop wave on 26 October distributed 250 AIO tokens to users with ≥226 Alpha Points. This followed an earlier 3.56M AIO trading competition ending 9 November.
What this means: Airdrop recipients often sell tokens immediately, especially in bearish markets. With AIO’s price already down 19.6% monthly, this created a feedback loop of supply overhang. The 24h volume spike (+18.14%) to $2.23B supports this thesis.
What to watch: On-chain wallet activity for airdrop-linked addresses – sustained outflows could prolong declines.
2. Security Reputation Damage (Bearish Impact)
Overview: Multiple exchanges (OrangeX, Poloniex) delisted AIO in Sept 2025 after a $2M exploit from a multi-sig wallet flaw.
What this means: Trust erosion persists – AIO’s 90-day turnover of 86.17 signals hyper-liquid but unstable trading, typical of projects with lingering security doubts. The lack of recent audits or protocol upgrades exacerbates this.
3. Technical Breakdown (Bearish Impact)
Overview: AIO broke below the 78.6% Fibonacci retracement ($0.127) on 13 Nov, with RSI7 at 21.72 (oversold) but no bullish divergence. MACD histogram (-0.00455) confirms downward momentum.
What this means: Traders view the $0.107–$0.113 zone as a last defense before testing the 2025 low of $0.05. The 200-day EMA is absent from TA tools, suggesting no long-term support nearby.
Conclusion
AIO’s dip reflects a perfect storm of profit-taking from incentive programs, unresolved security FUD, and technical breakdowns. While oversold conditions could invite a bounce, the lack of bullish catalysts and high turnover (86.17) favor continued caution.
Key watch: Can AIO hold $0.107 (2025 swing low), or will the 24h MACD crossover (-0.00455) trigger another leg down? Monitor exchange inflows for airdrop token movements.