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

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/

Market Opportunity
Stella Logo
Stella Price(ALPHA)
$0.004954
$0.004954$0.004954
+4.09%
USD
Stella (ALPHA) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

China Bans Nvidia’s RTX Pro 6000D Chip Amid AI Hardware Push

China Bans Nvidia’s RTX Pro 6000D Chip Amid AI Hardware Push

TLDR China instructs major firms to cancel orders for Nvidia’s RTX Pro 6000D chip. Nvidia shares drop 1.5% after China’s ban on key AI hardware. China accelerates development of domestic AI chips, reducing U.S. tech reliance. Crypto and AI sectors may seek alternatives due to limited Nvidia access in China. China has taken a bold [...] The post China Bans Nvidia’s RTX Pro 6000D Chip Amid AI Hardware Push appeared first on CoinCentral.
Share
Coincentral2025/09/18 01:09
How To Earn Crypto Cashback With Cold Wallet’s Every Transaction

How To Earn Crypto Cashback With Cold Wallet’s Every Transaction

The post How To Earn Crypto Cashback With Cold Wallet’s Every Transaction appeared on BitcoinEthereumNews.com. Crypto has long promised opportunity, but for most users, participation feels more like a penalty than a reward. Every swap, bridge, or simple transaction comes with fees that chip away at your balance. For newcomers, this becomes a barrier to entry, and for long-time users, it creates fatigue. Cold Wallet changes that equation by giving something back every time you act on-chain. Instead of paying fees into a void, you get rewarded with $CWT tokens that build your balance over time.  With over $7.11 million already raised in its presale, currently at stage 18 and priced at $0.01058 per token, Cold Wallet is proving that a fairer system isn’t just possible, it’s already here. At launch, $CWT is projected to list at $0.3517, adding even more incentive for early adopters to get involved now.  Cashback Built Into Every Action Cold Wallet introduces a simple but powerful concept: use the blockchain as usual, and you get cashback for it. Whether you’re paying gas fees, swapping between tokens, or bridging funds across networks, the wallet automatically rewards you with $CWT. There’s no staking contract to manage, no forms to fill out, and no hidden lock-ups to trap your funds. The system works in real time, making the experience seamless and effortless.  Cashback rates are tied to your tier, and with higher holdings of $CWT, you can reclaim even more of your transaction costs, up to 100% of gas fees at the top tier. For everyday users, this means turning unavoidable expenses into an income stream. For power users, it transforms frequent activity into a compounding advantage, giving them a reason to engage more often without the usual frustration of draining fees. The Role of $CWT in the Ecosystem At the heart of Cold Wallet’s cashback model is the $CWT token. Far from…
Share
BitcoinEthereumNews2025/09/26 21:27
Scott Bessent says yuan drop against euro is Europe’s problem, not America’s

Scott Bessent says yuan drop against euro is Europe’s problem, not America’s

The post Scott Bessent says yuan drop against euro is Europe’s problem, not America’s appeared on BitcoinEthereumNews.com. U.S. Treasury Secretary Scott Bessent said in Madrid on Thursday that the slump in China’s currency isn’t a problem for the United States, it’s Europe that should be worried. Speaking during a joint interview with Reuters and Bloomberg, Scott made the comments after meetings with Chinese Vice Premier He Lifeng as part of the U.S.-China trade discussions, which also included talks on TikTok. He made it clear that the yuan, also known as the renminbi, has actually strengthened against the U.S. dollar this year, but collapsed to a record low against the euro. “The RMB is actually stronger this year versus the dollar. Now it’s at an all-time low versus the euro, which is a problem for the Europeans,” Scott, rejecting the idea that Beijing was trying to devalue its currency to gain an unfair edge against Washington. He said Chinese officials haven’t tried anything of the sort with the U.S. and explained the reality behind the currency’s movement: “It’s a closed currency. So they manage the level.” Yuan collapse helps Chinese exports flood europe Since January, the yuan has plunged from 7.5 per euro to over 8.4, triggering concerns across Europe. Meanwhile, against the dollar, it’s gained slightly from 7.3 to 7.1. This divergence has created a lopsided trade dynamic, because while the U.S. has seen its imports from China drop 14% due to aggressive tariffs, Europe has recorded a 6.9% increase in trade with China. So, Scott said the U.S. tariffs are doing what they were meant to do, cutting down the trade deficit. But the redirected flow of Chinese goods is now landing in European markets instead, where the yuan’s weakness is making Chinese exports even cheaper in euro terms. The weakening of the yuan is hitting Europe at a sensitive time, as the European Central Bank…
Share
BitcoinEthereumNews2025/09/19 10:16