On July 14, Binance Alpha’s trading volume registered at US$395.62 million, reflecting a subdued activity level relative to its historical highs, as reported by the data analyst @pandajackson42. Within this volume, BR tokens accounted for US$195 million, while KOGE tokens contributed US$87.87 million, positioning KOGE as the leading asset in terms of trading volume. Binance’s recent announcement highlighted concerns over the excessive trading volume of BR and KOGE tokens on the Alpha market, alongside an elevated Total Value Locked (TVL) in the DEX liquidity pools. The exchange advised traders to exercise caution due to potential price volatility risks and emphasized the importance of conducting thorough due diligence (DYOR) before engaging in transactions.
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