List of Flash News about BSC IDO oversubscribed
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2025-09-20 10:18 |
Binance Wallet BuildKey TGE Oversubscribed 993x on BSC: Only 100,000 Tokens Tradable Pre-Redemption, Price Discovery at Risk
According to @ai_9684xtpa, capital that missed Aster is aggressively seeking new tickers with attention shifting back to BSC, indicating renewed speculative flow into Binance Smart Chain assets (source: @ai_9684xtpa on X, Sep 20, 2025). Binance Wallet’s BuildKey TGE new model surpassed 100 million in subscription size and was oversubscribed by 993x, described as likely the largest Binance IDO to date, reflecting intense demand for primary listings (source: @ai_9684xtpa on X, Sep 20, 2025). Post-subscription, only 100,000 tokens (equivalent to 5,000 Keys) are available for trading, and with clear oversubscription-driven profit expectations, few are willing to sell, resulting in poor fill availability for buyers (source: @ai_9684xtpa on X, Sep 20, 2025). Redemption is two days away, and the source suggests Binance consider adjusting rules because the pre-market phase currently lacks effective price discovery and trading game dynamics (source: @ai_9684xtpa on X, Sep 20, 2025). |