Griffin AI (GAIN) Crashes Over 95% After Binance Alpha Launch; Supply Inflated to 5.29B and Whale Holds 91.61%

COINOTAG News reported that Griffin AI (GAIN), a token launched on Binance Alpha, entered a rapid one-way downtrend at 7:27 AM Beijing time, with the price declining by over 95% within an hour to a low of $0.005; the asset is currently trading around $0.00758, representing a market capitalization on BSC of approximately $2.58 million.

On-chain analytics from BscScan indicate the originally stated total supply of 1 billion GAIN and a circulating supply of 235 million have been recorded at 5.29 billion; the largest holder controls 4.854 billion GAIN (91.61%) and has been executing token transfers to a PancakeSwap V3 pool address, which was paused at the time of reporting. No official issuer statement has been released.