$BIO Token Airdrop: A Way to Address Fraud Allegations?
The BIO launch pool ended, and the token got listed on Binance at the start of 2025. But what is this token about? Let’s figure it out.
BIO Protocol is a platform for funding and commercializing decentralized science (DeSci). The listing coincided with a fraud scandal where scammers used the company’s name to promote a fake referral program, promising token rewards. In response, BIO Protocol released a statement denying involvement. However, this damaged investor trust, impacting the token’s support and growth. Recovering its reputation may take time—or even lead to closure. Time will tell.
Token Info:
- Market Cap: $930.5M (high-risk token)
- Token Ranking: 111
- All-Time Low: $0.66
- All-Time High: $0.89
- Current Price: $0.71
- 24-Hour Price Change: down by 11.44%
- Short-Term Analysis: The price dropped to $0.71 and shows resistance at this level. Possible fluctuations between $0.73–$0.78.
- Mid-Term: A slight dip to $0.68 is possible. But if it holds at $0.71, a reversal toward an uptrend may occur.
- Long-Term: Not enough data yet.
As usual, post-listing, the price dropped and is now finding its trend on the market. Keep a close eye on the chart and verify data using other technical indicators. Always DYOR!
