The post Binance Alpha’s Piggycell faces scrutiny after brutal crash appeared on BitcoinEthereumNews.com. Piggycell’s PIGGY token crashed after a sudden mint‑and‑dump, raising hard questions over token controls, smart‑contract design and Binance Alpha’s listing safeguards. Summary Large, sudden PIGGY mint linked to one wallet preceded a violent intraday price collapse.​ Piggycell markets itself as a Korean DePIN power‑bank network tokenized via PIGGY on Binance Alpha.​ Lack of immediate, detailed disclosure from Piggycell or Binance fuels rug‑pull accusations and trust concerns. Piggycell’s PIGGY (PIGGY) token appears to have suffered a violent intraday collapse after a sudden spike in freshly minted tokens hit the market, triggering renewed questions over token controls and Binance’s Alpha listing standards. Onchain sleuths are now scrutinizing a single wallet that allegedly minted and dumped millions of dollars’ worth of PIGGY within minutes.​ $PIGGY RUG Over the last 10 minutes, nearly $4M worth of $PIGGY was freshly minted – and immediately dumped on the market The token collapsed -90% instantly Minting wallet:0x942f360d8a265aFcfDFa564429550DD755F96896 pic.twitter.com/5SI2NmezQO — onchainschool.pro (@how2onchain) December 5, 2025 What happened to PIGGY According to on-chain monitoring accounts, a wallet identified as 0x942f360d8a265aFcfDFa564429550DD755F96896 minted a large batch of new PIGGY tokens and rapidly sold them into the market, coinciding with a reported intraday drawdown of around 90%. Price trackers show PIGGY trading around the 0.4 dollar range recently, with sharp volatility and elevated volumes consistent with forced selling and panic exits.​ At the time of writing, there is no public statement from Piggycell or Binance Alpha addressing the specific minting wallet or explaining whether the issuance was part of a vesting schedule, treasury action, or an exploit. Without that disclosure, the incident has understandably been labeled a potential “rug” by traders watching their positions evaporate in real time.​ Who is Piggycell Piggycell is marketed as a Korean power‑bank sharing network that has been tokenized into a DePIN and real‑world asset (RWA) play… The post Binance Alpha’s Piggycell faces scrutiny after brutal crash appeared on BitcoinEthereumNews.com. Piggycell’s PIGGY token crashed after a sudden mint‑and‑dump, raising hard questions over token controls, smart‑contract design and Binance Alpha’s listing safeguards. Summary Large, sudden PIGGY mint linked to one wallet preceded a violent intraday price collapse.​ Piggycell markets itself as a Korean DePIN power‑bank network tokenized via PIGGY on Binance Alpha.​ Lack of immediate, detailed disclosure from Piggycell or Binance fuels rug‑pull accusations and trust concerns. Piggycell’s PIGGY (PIGGY) token appears to have suffered a violent intraday collapse after a sudden spike in freshly minted tokens hit the market, triggering renewed questions over token controls and Binance’s Alpha listing standards. Onchain sleuths are now scrutinizing a single wallet that allegedly minted and dumped millions of dollars’ worth of PIGGY within minutes.​ $PIGGY RUG Over the last 10 minutes, nearly $4M worth of $PIGGY was freshly minted – and immediately dumped on the market The token collapsed -90% instantly Minting wallet:0x942f360d8a265aFcfDFa564429550DD755F96896 pic.twitter.com/5SI2NmezQO — onchainschool.pro (@how2onchain) December 5, 2025 What happened to PIGGY According to on-chain monitoring accounts, a wallet identified as 0x942f360d8a265aFcfDFa564429550DD755F96896 minted a large batch of new PIGGY tokens and rapidly sold them into the market, coinciding with a reported intraday drawdown of around 90%. Price trackers show PIGGY trading around the 0.4 dollar range recently, with sharp volatility and elevated volumes consistent with forced selling and panic exits.​ At the time of writing, there is no public statement from Piggycell or Binance Alpha addressing the specific minting wallet or explaining whether the issuance was part of a vesting schedule, treasury action, or an exploit. Without that disclosure, the incident has understandably been labeled a potential “rug” by traders watching their positions evaporate in real time.​ Who is Piggycell Piggycell is marketed as a Korean power‑bank sharing network that has been tokenized into a DePIN and real‑world asset (RWA) play…

Binance Alpha’s Piggycell faces scrutiny after brutal crash

2025/12/05 21:32
Okuma süresi: 3 dk
Bu içerikle ilgili geri bildirim veya endişeleriniz için lütfen crypto.news@mexc.com üzerinden bizimle iletişime geçin.

Piggycell’s PIGGY token crashed after a sudden mint‑and‑dump, raising hard questions over token controls, smart‑contract design and Binance Alpha’s listing safeguards.

Summary

  • Large, sudden PIGGY mint linked to one wallet preceded a violent intraday price collapse.​
  • Piggycell markets itself as a Korean DePIN power‑bank network tokenized via PIGGY on Binance Alpha.​
  • Lack of immediate, detailed disclosure from Piggycell or Binance fuels rug‑pull accusations and trust concerns.

Piggycell’s PIGGY (PIGGY) token appears to have suffered a violent intraday collapse after a sudden spike in freshly minted tokens hit the market, triggering renewed questions over token controls and Binance’s Alpha listing standards. Onchain sleuths are now scrutinizing a single wallet that allegedly minted and dumped millions of dollars’ worth of PIGGY within minutes.​

What happened to PIGGY

According to on-chain monitoring accounts, a wallet identified as 0x942f360d8a265aFcfDFa564429550DD755F96896 minted a large batch of new PIGGY tokens and rapidly sold them into the market, coinciding with a reported intraday drawdown of around 90%. Price trackers show PIGGY trading around the 0.4 dollar range recently, with sharp volatility and elevated volumes consistent with forced selling and panic exits.​

At the time of writing, there is no public statement from Piggycell or Binance Alpha addressing the specific minting wallet or explaining whether the issuance was part of a vesting schedule, treasury action, or an exploit. Without that disclosure, the incident has understandably been labeled a potential “rug” by traders watching their positions evaporate in real time.​

Who is Piggycell

Piggycell is marketed as a Korean power‑bank sharing network that has been tokenized into a DePIN and real‑world asset (RWA) play under the PIGGY ticker. The project’s pitch is simple: users rent portable power banks from a physical network of stations, while token holders earn incentives tied to real-world device usage and uptime.​

PIGGY launched through Binance Alpha in late October, with a 100 million token supply split across BNB Chain and ICP, and an airdrop campaign designed to funnel early users via Alpha Points. Binance promoted Piggycell as a “top power bank network turned RWA & DePIN protocol,” underlining the platform’s desire to court physical‑infrastructure narratives.​

Rug pull, exploit, or mismanaged tokenomics?

The pattern desccribed by traders—sudden mint, aggressive dumping, vertical price collapse—is textbook rug‑pull or insider exit behavior, even if intent is not yet proven. Rug pulls typically rely either on hidden mint functions or concentrated insider holdings that can be offloaded onto retail without warning, leaving the market illiquid and shell‑shocked.

Source: https://crypto.news/binance-alphas-piggycell-faces-scrutiny-after-brutal-crash/

Piyasa Fırsatı
Piggycell Logosu
Piggycell Fiyatı(PIGGY)
$0.05418
$0.05418$0.05418
+0.37%
USD
Piggycell (PIGGY) Canlı Fiyat Grafiği
Sorumluluk Reddi: Bu sitede yeniden yayınlanan makaleler, halka açık platformlardan alınmıştır ve yalnızca bilgilendirme amaçlıdır. MEXC'nin görüşlerini yansıtmayabilir. Tüm hakları telif sahiplerine aittir. Herhangi bir içeriğin üçüncü taraf haklarını ihlal ettiğini düşünüyorsanız, kaldırılması için lütfen crypto.news@mexc.com ile iletişime geçin. MEXC, içeriğin doğruluğu, eksiksizliği veya güncelliği konusunda hiçbir garanti vermez ve sağlanan bilgilere dayalı olarak alınan herhangi bir eylemden sorumlu değildir. İçerik, finansal, yasal veya diğer profesyonel tavsiye niteliğinde değildir ve MEXC tarafından bir tavsiye veya onay olarak değerlendirilmemelidir.

Ayrıca Şunları da Beğenebilirsiniz

Today’s Biggest Crypto Movers: Dogecoin Leads the Pack

Today’s Biggest Crypto Movers: Dogecoin Leads the Pack

Today's Biggest Crypto Movers: Dogecoin Leads the Pack 🚀 Crypto Markets Heat Up Today Major cryptocurrencies are showing strong gains. Let's dive into today's top
Paylaş
Blockchainmagazine2026/04/03 13:00
RWA Boom Accelerates As Tokenized Assets Hit New Highs In Early 2026

RWA Boom Accelerates As Tokenized Assets Hit New Highs In Early 2026

RWA distributed value rose from about $21B to $27.5B in Q1 2026, a gain of roughly 30%. Tokenized US Treasuries reached about $10B, creating an on-chain yield base
Paylaş
LiveBitcoinNews2026/04/03 13:00
Cryptos Signal Divergence Ahead of Fed Rate Decision

Cryptos Signal Divergence Ahead of Fed Rate Decision

The post Cryptos Signal Divergence Ahead of Fed Rate Decision appeared on BitcoinEthereumNews.com. Crypto assets send conflicting signals ahead of the Federal Reserve’s September rate decision. On-chain data reveals a clear decrease in Bitcoin and Ethereum flowing into centralized exchanges, but a sharp increase in altcoin inflows. The findings come from a Tuesday report by CryptoQuant, an on-chain data platform. The firm’s data shows a stark divergence in coin volume, which has been observed in movements onto centralized exchanges over the past few weeks. Bitcoin and Ethereum Inflows Drop to Multi-Month Lows Sponsored Sponsored Bitcoin has seen a dramatic drop in exchange inflows, with the 7-day moving average plummeting to 25,000 BTC, its lowest level in over a year. The average deposit per transaction has fallen to 0.57 BTC as of September. This suggests that smaller retail investors, rather than large-scale whales, are responsible for the recent cash-outs. Ethereum is showing a similar trend, with its daily exchange inflows decreasing to a two-month low. CryptoQuant reported that the 7-day moving average for ETH deposits on exchanges is around 783,000 ETH, the lowest in two months. Other Altcoins See Renewed Selling Pressure In contrast, other altcoin deposit activity on exchanges has surged. The number of altcoin deposit transactions on centralized exchanges was quite steady in May and June of this year, maintaining a 7-day moving average of about 20,000 to 30,000. Recently, however, that figure has jumped to 55,000 transactions. Altcoins: Exchange Inflow Transaction Count. Source: CryptoQuant CryptoQuant projects that altcoins, given their increased inflow activity, could face relatively higher selling pressure compared to BTC and ETH. Meanwhile, the balance of stablecoins on exchanges—a key indicator of potential buying pressure—has increased significantly. The report notes that the exchange USDT balance, around $273 million in April, grew to $379 million by August 31, marking a new yearly high. CryptoQuant interprets this surge as a reflection of…
Paylaş
BitcoinEthereumNews2025/09/18 01:01

Trade GOLD, Share 1,000,000 USDT

Trade GOLD, Share 1,000,000 USDTTrade GOLD, Share 1,000,000 USDT

0 fees, up to 1,000x leverage, deep liquidity