PUFFER Token Price Plunges After Binance Alpha Airdrop

On May 12, PUFFER token dropped by 11.24% to $0.2494 after Binance added it to the Alpha Program. The price had previously reached $0.2844 but failed to sustain above the $0.2774 resistance level. Based on TradingView data, the decline occurred over an 18-day period, with total trading volume recorded at 66.42 million. The token is currently trading between the $0.2212 support and the $0.2774 resistance. Despite the Binance Alpha Airdrop announcement and increased exposure, the PUFFER price moved lower during the session, reflecting short-term selling pressure after recent gains Binance Alpha Airdrop Triggers PUFFER Distribution and Volume Surge On May 12, Binance included the PUFFER token in its Alpha Program, launching a targeted airdrop to eligible users. The program granted 362 PUFFER tokens to each selected user. Participants with more than 186 Alpha Points automatically qualified for the airdrop. A second eligibility tier included users with 147 to 185 Alpha Points whose Binance UIDs ended in “5.” These users were selected based on predefined program conditions, not random draws. The airdrop also drew attention across crypto-focused platforms. PUFFER was widely discussed on X, where users shared screenshots of their airdrop allocations and commented on the eligibility criteria. The token briefly ranked among the most mentioned new assets under Binance Alpha, contributing to short-term trading momentum. PUFFER Token Forms Rising Wedge Pattern After Binance Alpha Airdrop On May 13, 2025, PUFFER/USDT formed a rising wedge pattern on the 4-hour chart, based on data from Bybit via TradingView. The pattern appeared after the Binance Alpha Airdrop, during which the PUFFER token price climbed above $0.30 before pulling back sharply. A rising wedge is a bearish pattern where both the support and resistance lines slope upward, but the support slope is steeper. This formation often signals weakening momentum, especially after a strong uptrend. When the price breaks below the lower support line of the wedge, it often indicates a possible continuation to the downside. In this case, the PUFFER token has already dropped by 15% from the pattern’s upper trendline. The token is now trading at $0.2491, just above the 50-period exponential moving average (EMA) at $0.2406. If the breakdown confirms, PUFFER token may decline another 25%, reaching the $0.1986 level. This target matches the height of the wedge projected downward. The volume spike during the drop supports this bearish move, as rising volume during a breakdown typically confirms the pattern. The relative strength index (RSI) currently sits at 47.72, which is neutral but leaning toward bearish. It shows a shift from the earlier overbought level of 59.52. The RSI line has crossed below the signal line, signaling that momentum is weakening. At the same time, the 975.88K volume confirms increased activity during the correction. The EMA now acts as the immediate support level. If the price closes below this average, selling pressure may increase further. This chart follows the PUFFER token’s recent surge linked to the Binance Alpha Airdrop and its inclusion in the BNB Chain ecosystem. The rising wedge now highlights a shift in price structure and the start of a possible short-term downtrend. PUFFER Token Listed in Binance Alpha and Deployed on BNB Chain Puffer Finance confirmed its deployment on BNB Chain on the same day. The project now supports crosschain activity between Ethereum and BNB Chain. The expansion allows users to access staking and restaking services on both networks. The BNB Chain integration supports the roadmap objectives released by the team. These include improving liquidity, expanding validator tools, and offering broader access to DeFi functions. According to the official roadmap, the following updates are planned: May 2025: UniFi v1 launch June 2025: Validator Learning Tools and AppChain Marketplace Q4 2025: AI-powered AppChain updates 2026: Real-time ZK-Proofing and AI model integration The launch of PUFFER on BNB Chain aligns with these timelines and adds another layer of technical support for future milestones.