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

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/

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

‘One Battle After Another’ Becomes One Of This Decade’s Best-Reviewed Movies

‘One Battle After Another’ Becomes One Of This Decade’s Best-Reviewed Movies

The post ‘One Battle After Another’ Becomes One Of This Decade’s Best-Reviewed Movies appeared on BitcoinEthereumNews.com. Topline Critics have hailed Paul Thomas Anderson’s “One Battle After Another,” starring Leonardo DiCaprio, as a “masterpiece,” indicating potential Academy Awards success as it boasts near-perfect scores on review aggregators Metacritic and Rotten Tomatoes based on early reviews. Leonardo DiCaprio stars in “One Battle After Another,” which opens in theaters next week. (Photo by Jeff Spicer/Getty Images for Warner Bros. Pictures) Getty Images for Warner Bros. Pictures Key Facts “One Battle After Another” boasts a nearly perfect 97 out of a possible 100 on Metacritic based on its first 31 reviews, making it the highest-rated movie of this decade on Metacritic’s best movies of all time list. The movie also has a 96% score on Rotten Tomatoes based on the first 56 reviews, with only two reviews considered “rotten,” or negative. The Associated Press hailed the movie as “an American masterpiece,” noting the movie touches on topical political themes and depicts a society where “gun violence, white power and immigrant deportations recur in an ongoing dance, both farcical and tragic.” The movie stars DiCaprio as an ex-revolutionary who reunites with former accomplices to rescue his 16-year-old daughter when she goes missing, and Anderson has said the movie was inspired by the 1990 novel, “Vineland.” Most critics have described the movie as an action thriller with notable chase scenes, which jumps in time from DiCaprio’s character’s early days with fictional revolutionary group, the French 75, to about 15 years later, when he is pursued by foe and military leader Captain Steven Lockjaw, played by Sean Penn. The Warner Bros.-produced film was made on a big budget, estimated to be between $130 million and $175 million, and co-stars Penn, Benicio del Toro, Regina Hall and Teyana Taylor. When Will ‘one Battle After Another’ Open In Theaters And Streaming? The move opens in…
Share
BitcoinEthereumNews2025/09/18 07:35
Foreigner’s Lou Gramm Revisits The Band’s Classic ‘4’ Album, Now Reissued

Foreigner’s Lou Gramm Revisits The Band’s Classic ‘4’ Album, Now Reissued

The post Foreigner’s Lou Gramm Revisits The Band’s Classic ‘4’ Album, Now Reissued appeared on BitcoinEthereumNews.com. American-based rock band Foreigner performs onstage at the Rosemont Horizon, Rosemont, Illinois, November 8, 1981. Pictured are, from left, Mick Jones, on guitar, and vocalist Lou Gramm. (Photo by Paul Natkin/Getty Images) Getty Images Singer Lou Gramm has a vivid memory of recording the ballad “Waiting for a Girl Like You” at New York City’s Electric Lady Studio for his band Foreigner more than 40 years ago. Gramm was adding his vocals for the track in the control room on the other side of the glass when he noticed a beautiful woman walking through the door. “She sits on the sofa in front of the board,” he says. “She looked at me while I was singing. And every now and then, she had a little smile on her face. I’m not sure what that was, but it was driving me crazy. “And at the end of the song, when I’m singing the ad-libs and stuff like that, she gets up,” he continues. “She gives me a little smile and walks out of the room. And when the song ended, I would look up every now and then to see where Mick [Jones] and Mutt [Lange] were, and they were pushing buttons and turning knobs. They were not aware that she was even in the room. So when the song ended, I said, ‘Guys, who was that woman who walked in? She was beautiful.’ And they looked at each other, and they went, ‘What are you talking about? We didn’t see anything.’ But you know what? I think they put her up to it. Doesn’t that sound more like them?” “Waiting for a Girl Like You” became a massive hit in 1981 for Foreigner off their album 4, which peaked at number one on the Billboard chart for 10 weeks and…
Share
BitcoinEthereumNews2025/09/18 01:26