Allora (ALLO), a self-improving decentralized AI network Token , fell more than 50% on its first day of trading despite being listed simultaneously on Coinbase and Binance.
The Token debuted at around $1.60 but quickly fell to $0.58, according to data from CoinGecko. The sharp drop came as users from Binance's Airdrop program and initial exchange allocations sold their rewards within hours of trading opening.
Listing on Coinbase and Binance
Coinbase has announced support for ALLO-USD Spot Trading on November 11, 2025, allowing users in eligible regions to access it.
The listing coincides with Binance introducing Allora as its 58th HODLer Airdrop project.
Binance distributed 15 million ALLO Token (1.5% of total supply) to users who locked BNB in Simple Earn or On-Chain Yields programs from October 23 to 25.
However, most of these Airdrop and unlocked Token were released to the market immediately after listing, adding selling pressure on exchanges.
What is Allora (ALLO)?
Allora is a decentralized AI network that coordinates independent machine learning models—called “workers”—to submit predictions on specific topics.
These predictions are evaluated by “reputers” who receive rewards based on accuracy and quality of contribution.
The platform uses zero-knowledge machine learning (zkML) to verify results without revealing sensitive data.
Its architecture consists of three layers: inference consumption, aggregation and evaluation, and consensus and verification.
ALLO Token are used to pay for AI inference services, Staking, governance, and model rewards.
The project has a Max Supply of 1 billion ALLO, with an initial circulation of 200.5 million at launch and a fully diluted valuation of nearly $468 million. It is backed by prominent investors such as Polychain Capital and Framework Ventures.
The price drop suggests that early holders may have XEM the Airdrop as a short-term profit opportunity rather than a long-term investment.
ALLO price chart. Source: CoinGeckoTraders will likely wait for Allora's decentralized intelligence network to really take off before jumping back in.
