According to @ai_9684xtpa, Binance Alpha token $M surged about 300% in 8 days with a fully diluted valuation near $17.2B, rivaling WLFI by FDV metrics (source: @ai_9684xtpa). According to @ai_9684xtpa, Binance open interest tied to $M is roughly $50M, creating a notable mismatch between large FDV and relatively light derivatives positioning that leaves traders hesitant to buy or short (source: @ai_9684xtpa). According to @ai_9684xtpa, this setup has produced a momentum-driven but cautious market where both sides remain reluctant to take aggressive positions (source: @ai_9684xtpa).

According to Ai 姨 on Twitter, Binance has introduced the Alpha Financial Center, allowing liquidity provider (LP) balances in ALPHA tokens to now be counted towards users' balance points. Previously, LP positions did not contribute to balance points. However, adding ALPHA LP does not grant any additional points or rewards beyond this inclusion, and the points cap remains at $100,000. As a result, there is minimal impact on ordinary users and no significant trading strategy changes are expected based on this update. Source: Ai 姨 on Twitter, June 11, 2025.