The altcoin season happening on Binance Alpha is quite fitting. The value of assets in the buy-sell contracts for Alpha trading within Binance on the BSC network has reached $240 million, doubling compared to early August. Breaking down Binance Alpha, its core lies in two aspects: serving as a Launchpad function for VCcoins launched at low valuations, and acting as a proxy routing service to help Binance users use on-platform funds to purchase on-chain assets from DEXs. Of course, it also includes support for BSC Memes, though this part usually doesn’t involve airdrops, and there are fewer projects being launched now. Therefore, the asset scale of Alpha’s buy-sell contracts depends on the continuous growth of new assets and asset appreciation. Theoretically, in the first few months after launch without major unlocks, the more coin-denominated assets held in Alpha’s buy contracts, the stronger the buying power. Based on general airdrop valuations, there are currently about 20-25 new assets in Alpha with a scale exceeding $2 million, while only 6 exceed $5 million. The standout project in Alpha is undoubtedly M, with an asset value exceeding $40 million within Alpha. However, the coin-denominated balance of M in Alpha hasn’t changed much. Does this suggest that many users on the platform might not even know about this token, even though it has already surged dozens of times...?