09.07.2025 16:06

A significant price plunge affected Bedrock (BR), a token featured on Binance Alpha, resulting in a 50% loss in value. This dramatic drop followed the rapid withdrawal of nearly $50 million in liquidity by 26 distinct addresses within a mere 100 seconds, as reported by internet sources. The coordinated nature of these transactions, involving several "whale" addresses – three holding over $1 million and thirteen holding over $500,000 in BR – fueled speculation about potential collusion.

The near-instantaneous liquidation of such a substantial amount of BR tokens triggered a market cascade, leading to the current 44% price decline over the past 24 hours. The possibility that these addresses belonged to project insiders or team members remains under investigation, although not yet independently confirmed. This incident raises serious questions about the effectiveness of Binance Alpha's supposed rigorous vetting process for featured projects.

Binance Alpha, despite its success in promoting the Binance Wallet through rewarding users, has faced criticism. Its popularity, driven by attractive rewards offered exclusively to Binance Wallet users, has made it the leading wallet in trading volume. However, this exclusivity has drawn accusations of unfair advantages. The Bedrock incident, coupled with past accusations, has fueled the argument that the Alpha program is nothing more than a speculative bubble, vulnerable to manipulation by whales through pump-and-dump schemes. Such schemes artificially inflate token prices before a coordinated sell-off, leaving investors with significant losses.

The fallout from the Bedrock token crash highlights the inherent risks involved in investing in projects within rapidly expanding ecosystems and underscores the ongoing need for stronger safeguards and transparency within the cryptocurrency market. The incident serves as a cautionary tale for investors and raises concerns about the responsibility of platforms showcasing such projects.