Crypto Drama: Are Small Traders Getting the Boot from Binance Alpha? 😱💸

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Welcome to the Binance Alpha Point program, where the only thing rising faster than your blood pressure is the point requirement for airdrops! 🎢 It’s like a game of Monopoly, but instead of collecting $200, you’re just collecting disappointment. Now, you need over 200 points to even think about getting a piece of the airdrop pie, and let’s be real, that’s a lot of points for a little ol’ trader like you!

But wait! The trading volume of tokens in this program is skyrocketing! 🚀 It’s like everyone’s at a party, and you’re stuck outside wondering if you should just go home and binge-watch your favorite show instead.

Traders Need 233 Binance Alpha Points to Receive Airdrops

As of now, the latest token on the airdrop block is Open Loot (OL). But hold onto your wallets, because Binance has cranked up the point requirement to a whopping 233! That’s right, folks, the highest level ever! 🎉

“Eligible Binance users with at least 233 Binance Alpha points can claim an airdrop of 1,836 OL tokens,” Binance announced. Because who doesn’t love a good scavenger hunt for tokens? 🙄

According to a report from HC Capital, Binance Alpha Points have been on a steady rise from 150 points on May 9 to over 200 points in June. It’s like watching your favorite soap opera—full of drama and unexpected twists!

As BeInCrypto previously reported, users are now required to trade more frequently to earn enough points. This means higher trading fees and more exposure to risks. It’s like being in a relationship where you have to keep proving your worth—exhausting, right?

Even if you manage to hit that elusive point target, there’s no guarantee you’ll cash in big. Token prices are as fickle as a cat on a hot tin roof. In many cases, the returns aren’t even worth the time and money you’ve spent. Talk about a bad investment!

Data shows that while point requirements keep climbing, profits are taking a nosedive. As a result, many traders are throwing in the towel. 🥊

“223 points with Binance Alpha. Received 88 FLY = $29. Okay, I’m quitting Binance Alpha now. Goodbye,” investor ApolloSYNC said. And honestly, who can blame them? 😩

Moreover, according to Chain Bowy, the Alpha point threshold has already surpassed 200, making this program a no-go for small accounts. He even shared a video of a Chinese user allegedly farming Alpha points with multiple accounts. If that’s true, it’s like bringing a bazooka to a water gun fight—totally unfair!

Trading Volume Still Growing

But not everyone is throwing in the towel just yet! On-chain data from Dune Analytics shows that trading volume for Binance Alpha tokens is still on the rise, hitting all-time highs and surpassing $17 billion. 💰

With around 460,000 traders actively participating in the program—a 100% increase since May—it seems like while some small investors are packing their bags, the Binance Alpha program is still a magnet for big bucks. 💸

This growth is likely due to Binance’s incentive policies. For instance, each transaction on the BNB Chain counts double Alpha points. Plus, Binance offers super low transaction fees, making it easy for traders to repeat their trades without breaking the bank. It’s like a buffet for big investors, and they’re going back for seconds!

However, for small traders, earning points through tiny transactions is becoming a costly affair. Over time, they’re being gently nudged out of the game, like that one friend who always eats the last slice of pizza. 🍕

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2025-06-09 11:07