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Binance Alpha Project Suspected Team Dumping Leads to Token Price Plunge Drama, BSB Plunges 60% Overnight

2026.04.30 09:05:37

April 30 – Per GMGN market data, Binance Alpha project BSB extended its decline yesterday afternoon, with the drop accelerating sharply by 11:00 PM last night. In a short window, it plummeted over 60%, falling from around $0.9 to a low of $0.32. The day prior, the purported Block Street team address transferred tokens to a Bybit deposit address, with a cumulative inflow of 5 million BSB tokens—valued at approximately $3.6534 million. These tokens were previously sourced from BSB’s team multi-signature address. Team token sell-offs have been frequent recently. BLESS, another Binance Alpha project, dumped $5.09 million worth of tokens after a sustained rally, triggering a price collapse. Additionally, addresses linked to projects like LayerZero, AIOT, BIRB, and PUMP have also sold off some of their tokens amid ample liquidity in the meme coin market.
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