New AI Token Crashes 50% Despite Binance and Coinbase Listing
The post New AI Token Crashes 50% Despite Binance and Coinbase Listing appeared on BitcoinEthereumNews.com.
Allora (ALLO), a self-improving decentralized AI network token, plunged over 50% on its first trading day despite simultaneous listings on Coinbase and Binance. The token debuted at around $1.60 but quickly fell to $0.58, according to CoinGecko data. The sharp decline came as users from Binance’s airdrop program and early communication allocations sold their rewards within hours of trading going live. Sponsored Sponsored Coinbase and Binance Listings Coinbase announced support for ALLO-USD spot trading on November 11, 2025, allowing access to users in eligible regions. Spot trading for Allora (ALLO) will go live on 11 November 2025. The opening of our ALLO-USD trading pair will begin later today if liquidity conditions are met, in regions where trading is supported. pic.twitter.com/L8hnNFWS52 — Coinbase Markets 🛡️ (@CoinbaseMarkets) November 11, 2025 This listing coincided with Binance introducing Allora as its 58th HODLer Airdrop project. Binance distributed 15 million ALLO tokens (1.5% of the total supply) to users who locked BNB in Simple Earn or On-Chain Yields programs between October 23 and 25. However, large portions of these airdropped and unlocked tokens entered the market immediately after listing, adding selling pressure across exchanges. Sponsored Sponsored What Is Allora (ALLO)? Allora is as a decentralized AI network that coordinates independent machine-learning models—called “workers”—which submit predictions on specific topics. These predictions are evaluated by “reputers” who earn rewards based on accuracy and contribution quality. The platform uses zero-knowledge machine learning (zkML) to verify outputs without revealing sensitive data. Its architecture consists of three layers: inference consumption, synthesis and evaluation, and consensus and validation. ALLO is now here. The first decentralized intelligence network, and the first intelligence-backed asset, are officially live. Together, they establish a new foundation for collective intelligence. 🧵👇 pic.twitter.com/7noopVdUhZ — Allora (@AlloraNetwork) November 11, 2025 The ALLO token powers payments for AI inference services,…
Filed under: News - @ November 11, 2025 9:23 pm