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 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