The Binance Alpha drama continues, and the AB Token has become the new focus.

Recently, the attention of the cryptocurrency market has focused on the new project AB Token on the Binance Alpha platform. After the price collapse of several previous tokens, investors are starting to speculate whether AB will be the next project to suffer a similar fate.

The project AB DAO behind the AB Token has raised many questions. This organization, which claims to be a charity project, launched on a well-known exchange's new coin listing platform just two months after its establishment. Even more surprising is that the project claims its team members include several former European politicians, such as a former Prime Minister of Ireland.

However, further research found that the AB project has many issues:

1. The distribution of tokens is extremely concentrated, with the top wallet holding over 97% of the tokens.

2. The project's official social media accounts have changed names multiple times, lacking stability.

3. Multiple important metrics of the token contract have not been disclosed, increasing investment risk.

4. The technical characteristics of the project's promotion are similar to those of projects from the ICO boom years ago, lacking innovation.

5. Its fully diluted valuation of $1.5 billion is severely inconsistent with its actual influence.

These issues have raised doubts in the market about the authenticity of the AB project, and have also led to questions regarding the project review standards of certain trading platforms.

Currently, the new coin listing platform of a well-known trading platform seems to have deviated from its original intention of discovering high-quality early projects and has gradually evolved into a speculative game. Projects like AB, which have numerous issues, are allowed to list, which not only damages the platform's credibility but also increases the risks for investors.

This phenomenon reflects the ongoing issues of regulatory gaps and lack of transparency in the cryptocurrency market. For investors, it is crucial to exercise extra caution when participating in such projects, thoroughly researching the project's background and assessing potential risks. At the same time, trading platforms should also enhance their project review standards, maintain market order, and protect investor interests.