Token pump-dump series after Binance mistakenly posted Telegram link

The incident of Binance mistakenly posting a Telegram link led to the pump-dump of 5 tokens (RIF, MONKY, HAPPY, ZRC, and ELIZA). Binance accidentally shared a link to a fake Telegram group, claiming that these tokens belonged to the upcoming Binance Alpha program. This news spread rapidly, driving the prices of the tokens up sharply within minutes, with ELIZA increasing by over 100%. However, Binance co-founder Yi He quickly clarified that this was a fake group, causing the prices of the tokens to plummet back to near their original levels. Binance China also confirmed that the information was fake and has not released an official list for Binance Alpha. This incident illustrates the risks of trusting unverified information and the pump-and-dump phenomenon in the cryptocurrency market. Binance Alpha is a new feature of Binance Wallet, allowing early investment in potential crypto projects.