Many altcoins on Binance Alpha have fallen sharply, with a decrease of up to 37%.

In the past 24 hours, the crypto market has recorded an unusual plummet of a series of altcoins on the Binance exchange. Tokens including HIFI, BMT, CHESS, SOON, and OBOL have all noted significant falls, with the highest drop reaching 37%. Most of them are on Binance Alpha.

This development occurred without any clear negative information from the project, causing the investor community to be confused and raise questions about unusual trading activities or leveraged liquidations on the exchange.