Binance Alpha's listing speed has slowed down a lot, from 30+ per month in May and June, to 20+ per month in July, August, and September, and now less than 20 in October. 1. The overall market trend and sentiment are getting worse. 2. The alpha mechanism and airdrop rewards are being exploited by studios and point-farming bots, leaving real users with nothing. 3. Most of the projects are just pump-and-dump schemes, dumping as soon as they get listed. 4. Many project teams have disgusting manipulation tactics—pumping and dumping unpredictably, with ugly behavior, making it hard for retail investors to profit. Hopefully, Binance Alpha is shifting from high frequency to high quality. A slower listing speed and fewer projects is actually a good thing. It gives us more time for research and analysis, so we can keep digging for gold in the waves and uncover more 'alpha' opportunities.