This New AI Token Dropped 50% Despite Coinbase and Binance Listings
Allora (ALLO), a decentralized AI network token, experienced a sharp 50% price drop on its first trading day despite simultaneous listings on Coinbase and Binance. Initially priced at $1.60, it fell to $0.58 due to selling pressure from Binance’s airdrop recipients and early allocation holders. Coinbase began supporting ALLO-USD spot trading on November 11, 2025, while Binance introduced ALLO as part of its HODLer Airdrop initiative, distributing 15 million tokens to users. Allora's platform utilizes zero-knowledge machine learning (zkML) for secure AI model performance and serves various applications such as staking, governance, and AI inference services. Despite high-profile backing from investors like Polychain Capital, the significant price drop suggests holders treated the token as a short-term profit opportunity. Traders may wait for further adoption of Allora’s decentralized intelligence network before re-entering the market.
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ALLO Token Plunges on First Trading Day
Allora (ALLO), a self-improving decentralized AI network token, saw its value plunge by over 50% on its first trading day, despite simultaneous listings on Coinbase and Binance. The token debuted at around $1.60 but rapidly declined to $0.58, as per CoinGecko data. The sharp price drop was attributed to participants in Binance's airdrop program and early communication allocations selling their rewards within hours of trading going live.
Listings on Coinbase and Binance
The ALLO token gained significant attention due to its listings on Coinbase and Binance. Coinbase announced support for ALLO-USD spot trading on November 11, 2025, enabling users in eligible regions to trade. A tweet from Coinbase confirmed the trading would go live later that day, contingent upon meeting liquidity conditions:
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.
Simultaneously, Binance listed ALLO as part of its 58th HODLer Airdrop project, distributing 15 million ALLO tokens (equivalent to 1.5% of the total supply) to users who had locked BNB in their Simple Earn or On-Chain Yields programs between October 23–25. Large volumes of these tokens flooded the market immediately after listing, further intensifying the selling pressure.
What Is Allora (ALLO)?
Allora is designed as a decentralized AI network that integrates independent machine-learning models—known as workers—to make specific topic predictions. These predictions are evaluated by reputers, who earn rewards based on their accuracy and contributions.
The platform utilizes innovative zero-knowledge machine learning (zkML), enabling the verification of outputs without compromising sensitive data. The architecture comprises:
- Inference consumption
- Synthesis and evaluation
- Consensus and validation
ALLO's launch signifies the debut of a decentralized intelligence network and an intelligence-backed asset, setting a new standard for collective AI capabilities.
Utility of the ALLO Token
The ALLO token is the primary driver of the Allora ecosystem, with multiple use cases including:
- Payments for AI inference services
- Staking
- Governance
- Worker and Reputer model rewards
The project has a total supply of 1 billion ALLO tokens, with 200.5 million circulating at launch. At launch, ALLO had a fully diluted valuation (FDV) of approximately $468 million. Backed by major investors such as Polychain Capital and Framework Ventures, the token carries high expectations within the crypto and AI communities.
Market Reaction and Challenges
Despite being backed by strong investors and technology, the sharp price correction of ALLO suggests early token holders may have capitalized on the airdrop as a short-term profit opportunity rather than committing to long-term positions. As such, traders and investors might wait for tangible adoption of Allora’s decentralized intelligence network before considering a re-entry.