Binance Alpha Sparks Controversy among Crypto Enthusiasts
A crypto investor’s rant on X about Binance Alpha has ignited a heated debate. The investor accused Binance Alpha of unfairly benefiting from airdrops, leaving testnet users with minimal rewards. This led to the trending hashtag #StopBinanceAlpha.
Binance Wallet’s dominance in the swap market was highlighted by Dovey Wan,founder of Primitive Ventures.after OKX Wallet’s shutdown due to North Korean hackers, Binance Wallet surged, capturing an 80% market share. Wan described it as a “MetaMask killer” and a “meme farming engine.”
Binance Alpha, launched in December 2024, is a platform within Binance Wallet.It helps users discover new crypto projects offering airdrops. Users can buy tokens at favorable rates during 24-hour windows. Critics argue that Binance Alpha allows “token tourists” to profit more than those who genuinely contributed during the testnet phase.
Why is Binance Alpha controversial? It lets users benefit from trending
