Binance Alpha expanded its token lineup on September 2, adding PONS and $FLORK, which triggered violent fluctuations in the prices of the two tokens and attracted a large number of traders to seek early opportunities to deploy new online assets.
PONS took advantage of Robinhood Chain to rise.
PONS is the core token of the Pons launch platform. The platform is based on Robinhood Chain and is an unmanaged platform that was officially launched on July 1. The launch platform captures value through transaction fees and uses part of the fees for repurchase and token destruction.
The launch of Binance Alpha has significantly boosted the token. PONS rose 16% in 24 hours, having risen 267% in the previous week, and its market value currently stands at approximately US$354 million. Shortly after trading opened, PONS hit a record high of about $0.515, pushing its market value above $360 million. It should be noted that PONS is only available on Binance Alpha version 1.0.
FLORK recorded a triple-digit gain.
FLORK was inspired by the online comic book "Flork of Cows"-a series of deliberately crude stick stick figure comics that have become classic memes on social media. The token quickly seized the opportunity of Binance Alpha's debut, with a staggering daily increase, reaching a market value of approximately US$30 million. After entering Binance Alpha, the memecoin rose by approximately 293%, and added an increase of more than 80%.
Users can now trade both tokens on Binance Alpha through market orders and limit orders. Since September, the listing speed of new tokens on Binance Alpha has accelerated significantly. As a testing ground for early tokens, this platform is expected to be promoted to the main exchange of Binance in the future. The rise occurred against the backdrop of a weak overall market. The total market value of crypto fell by more than 2% to US$2.26 trillion, and Bitcoin ($BTC) and Ethereum ($ETH) both fell.

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