Original Title: "Binance Alpha Unveils Another 'Super Token'; Could AB Led by Serbian President Be the Next ZKJ?"

Author: Wenser, Odaily Planet Daily

The turmoil surrounding Binance Alpha continues (see "KOGE, ZKJ Crash Overnight, Forcing Binance Alpha to Mature"), and market participants have shifted their focus to the pressing question: “Which Alpha token will be the next to mimic the dramatic flash crashes like ZKJ and KOGE?”

Speculation is rife that AB, which oddly lists a former Irish Prime Minister and a former Serbian President on its homepage, might be the next project to result in massive losses. How did a charity initiative, created by an NGO registered in Ireland and promoting "technology for good," transform into one of the top-traded tokens on Binance Alpha? Officially launching on April 12 this year, how did this project manage to become listed on Binance Alpha in just two months? Odaily Planet Daily provides a concise overview of the AB DAO project in this article for readers’ reference.

The Most Surreal Episode of Binance Alpha: Serbian Ex-President as a Community Auditor, Token FDV Reaches $1.5 Billion

On June 7, Binance Alpha announced the latest token to be listed: AB. Users with a Binance Alpha score greater than or equal to 225 points were eligible to claim an airdrop of 9,882 AB tokens. At that time, AB was trading at approximately $0.01 per token. However, following the listing announcement, the price experienced a slight dip. Incidentally, the token’s smart contract was deployed on June 4 at roughly 1:46 PM.

Fast forward 10 days, and AB token has climbed to the top of Binance Alpha’s trading volume leaderboard. According to a Dune dashboard created by @pandajackson, Binance Alpha’s daily trading volume fell below the $1 billion threshold on June 15, recording $777 million—a continued decline since June 8. On the same day, ZKJ registered a trading volume of $417 million, KOGE $91.72 million, and AB $65.69 million, placing them in the top three slots by trading volume.

Dune Data Dashboard

After the ZKJ and KOGE token flash crash incidents, many in the market suddenly realized—almost as if waking from a dream—that the FDV of the AB token was as high as $1.5 billion. This placed it in the same tier as more established token projects like CAKE, LIDO, and S. If this revelation was merely "surprising," then the following details about the project might be considered outright "startling."

An Analysis of the AB Token’s Anomalies: Community Members Include European Politicians, Top Holder Owns Over 97% of Supply

To evaluate a project, its official website often serves as the primary source of information. In the case of AB DAO, not only is the website’s design notably "retro," but the information presented is remarkably jaw-dropping.

AB Community: Serbian President Leads, European Politicians Clustered

According to AB DAO's official website, the project’s core team can be described as a "gathering of European political elites." Among them:

Board of Directors: Comprising several former European national leaders, the Chairman is Bertie Ahern, former Prime Minister of Ireland (three terms, instrumental in brokering the Good Friday Agreement). Other members include Lawrence Gonzi (former Prime Minister of Malta); Péter Medgyessy (former Prime Minister of Hungary); Danilo Türk (former President of Slovenia); and Petar Stoyanov (former President of Bulgaria).

Advisory Committee: Spanning five continents, it consists of nearly 30 current and former national leaders, heads of international organizations, and policy experts, forming a "global philanthropic strategic engine." Some advisors include Joanna Nurse (Senior Expert at WHO); Maha Ibrahim Mohamed Morsy (wife of Egypt’s former Prime Minister Essam Sharaf and a leader in social welfare and education); Kateryna Yushchenko (former First Lady of Ukraine, advocate for healthcare and child welfare); Antonina Stoyanova (former First Lady of Bulgaria and United Nations legal expert); Milena Dobronic (wife of former President Jorge Quiroga of Bolivia, advocate for social services and education).

Legal Support: Backed by a team of legal advisors from renowned law firms to ensure operational compliance.

Other notable figures include: Olusegun Obasanjo (Former President of Nigeria, Former Chairperson of the African Union); Malcolm Byrne (Current member of the Irish Parliament, Chair of the AI Committee); Jorge Quiroga (Former President of Bolivia); Viktor Yushchenko (Former President of Ukraine).

Additionally, the AB team members also include Senior Strategic Partner and creator of the World Outstanding Chinese Award, Ma Xingli; Fuchsia Capital's Executive Director and key contributor Zeng Junhao; and as previously mentioned, AB blockchain community auditor and former Serbian President Boris Tadić. In terms of team composition, AB spans across politics and business, truly deserving of the phrase "holding half of Europe in their hands."

Screenshot from AB DAO official website

More abstract information: Top 1 wallet holds over 97%, official Twitter renamed twice, high likelihood of being a phishing contract

Beyond the abstract information on the official website, the token holding structure of AB is also extremely "peculiar," so much so that one can't help but exclaim: "Can Binance Alpha list projects this casually now?"

According to GMGN data, the AB token's Fully Diluted Valuation (FDV) stands at $1.5 billion, with a liquidity pool of approximately $1.5 million, and a 24-hour trading volume reaching $1.4 billion (slightly differing from the $1 billion reported by Alpha). The top wallet, 0x762, controls approximately 97.29% of the tokens, while the second-largest wallet, belonging to Binance, holds a mere 0.71%. According to Binance Alpha's interface, the total token supply is 98.82 billion, with a circulating supply of 61.78 billion.

Furthermore, key metrics like the AB token contract’s "practicality," open-source status, pool renouncement, and locking mechanisms are all unknown. Meanwhile, the official account on X (formerly Twitter) underwent two name changes, first as @ABDAO_Global, and later as @newton_project. What’s surprising is that AB DAO, in some sense, can also be considered a "startup veteran."

GMGN Token Information

This is exactly such a project full of flaws, though its main technical selling points seem quite impressive at first glance. According to its official website, “AB is a high-performance, modular, heterogeneous blockchain network. Its core token AB achieves cross-chain deployment through AB Connect, embodying the 'AB Anywhere' concept. Application scenarios: its blockchain technology is used for stablecoin issuance, payment network infrastructure, and decentralized charity, aiming to build an open and trustworthy global value infrastructure. Transparency assurance: all fund flows are recorded on the blockchain, ensuring openness and verifiability, and enhancing public trust.”

It does come across as a rather nostalgic "retro-narrative crypto project," reminiscent of the ICO frenzy of 2017 and 2018, where a makeshift team and a token white face were enough to launch a funding campaign. Especially as it even doubles down on the "charity" gimmick. One has to admit, the absurdities within the crypto space are not in short supply—it’s just that the well-known cases are still too few.

Summary: Binance Alpha Urgently Needs Overhaul

As of now, Binance Alpha has increasingly deviated from its original intent of "tracking Alpha token projects" and has slowly turned into a farcical game of "I pretend to list tokens, you pretend to inflate ratings."

With abstract projects like AB being able to make it onto Alpha, it's no wonder that many crypto project founders are eagerly pivoting to Meme coins or jumping ship to the AI startup boom. Of course, as a "rating inflation project," employing a strategy of quick trades and interactions could be an option. But on the flip side, if fails to move fast enough, you might end up being the one stuck footing the bill for this lavish feast.

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