This New AI Token Dropped 50% Despite Coinbase and Binance Listings

Allora (ALLO), a self-improving decentralized AI network token, plunged over 50% on its first trading day despite simultaneous listings on Coinbase and Binance. The token debuted at around $1.60 but quickly fell to $0.58, according to CoinGecko data. The sharp decline came as users from Binance’s airdrop program and early communication allocations sold their rewards within hours of trading going live. Coinbase and Binance Listings Coinbase announced support for ALLO-USD spot trading on November 11, 2025, allowing access to users in eligible regions. Spot trading for Allora (ALLO) will go live on 11 November 2025. The opening of our ALLO-USD trading pair will begin later today if liquidity conditions are met, in regions where trading is supported. pic.twitter.com/L8hnNFWS52— Coinbase Markets ️ (@CoinbaseMarkets) November 11, 2025 This listing coincided with Binance introducing Allora as its 58th HODLer Airdrop project. Binance distributed 15 million ALLO tokens (1.5% of the total supply) to users who locked BNB in Simple Earn or On-Chain Yields programs between October 23 and 25. However, large portions of these airdropped and unlocked tokens entered the market immediately after listing, adding selling pressure across exchanges. #Binance is excited to announce the Allora (ALLO) HODLer Airdrop – @AlloraNetwork BNB Holders, get ready! The Airdrop page will be available on the Binance Airdrop Portal in 24 hours. Plus, this token will be listed on Binance soon! https://t.co/OPanqAGI1Y pic.twitter.com/CPFcr9Iu0a— Binance (@binance) November 11, 2025 What Is Allora (ALLO)? Allora is as a decentralized AI network that coordinates independent machine-learning models—called “workers”—which submit predictions on specific topics. These predictions are evaluated by “reputers” who earn rewards based on accuracy and contribution quality. The platform uses zero-knowledge machine learning (zkML) to verify outputs without revealing sensitive data. Its architecture consists of three layers: inference consumption, synthesis and evaluation, and consensus and validation. ALLO is now here.The first decentralized intelligence network, and the first intelligence-backed asset, are officially live.Together, they establish a new foundation for collective intelligence.淋 pic.twitter.com/7noopVdUhZ— Allora (@AlloraNetwork) November 11, 2025 The ALLO token powers payments for AI inference services, staking, governance, and model rewards. The project has a 1 billion ALLO maximum supply, with an initial 200.5 million circulating at launch and a fully diluted valuation near $468 million. It is backed by high-profile investors like Polychain Capital and Framework Ventures. The price drop suggests early holders may have treated the airdrop as short-term profit rather than a long-term position. ALLO Price Chart. Source: CoinGecko Traders are likely to await the actual adoption of Allora’s decentralized intelligence network before re-entry. The post This New AI Token Dropped 50% Despite Coinbase and Binance Listings appeared first on BeInCrypto.