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
3분 읽기
이 콘텐츠에 대한 의견이나 우려 사항이 있으시면 crypto.news@mexc.com으로 연락주시기 바랍니다

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/

시장 기회
Piggycell 로고
Piggycell 가격(PIGGY)
$0.06534
$0.06534$0.06534
+0.52%
USD
Piggycell (PIGGY) 실시간 가격 차트
면책 조항: 본 사이트에 재게시된 글들은 공개 플랫폼에서 가져온 것으로 정보 제공 목적으로만 제공됩니다. 이는 반드시 MEXC의 견해를 반영하는 것은 아닙니다. 모든 권리는 원저자에게 있습니다. 제3자의 권리를 침해하는 콘텐츠가 있다고 판단될 경우, crypto.news@mexc.com으로 연락하여 삭제 요청을 해주시기 바랍니다. MEXC는 콘텐츠의 정확성, 완전성 또는 시의적절성에 대해 어떠한 보증도 하지 않으며, 제공된 정보에 기반하여 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다. 본 콘텐츠는 금융, 법률 또는 기타 전문적인 조언을 구성하지 않으며, MEXC의 추천이나 보증으로 간주되어서는 안 됩니다.

USD1 Genesis: 0 Fees + 12% APR

USD1 Genesis: 0 Fees + 12% APRUSD1 Genesis: 0 Fees + 12% APR

New users: stake for up to 600% APR. Limited time!