The BAS team apologizes for the "1% Airdrop followed by a coin price fall of approximately 70%" and will adjust future airdrop strategies and initiate buybacks.

According to Foresight News, the BAS (BNB Attestation Service) team has issued an open letter to BAS holders apologizing for the “1% Airdrop resulting in a coin price drop of approximately 70%.” The team stated that this fluctuation was due to their misjudgment of the selling pressure caused by the 1% Airdrop allocated to the Binance Booster. BAS originally planned to reward early supporters through the Airdrop and expand the community, but the combination of high FDV and large-scale Airdrop led to severe short-term market fluctuations. The BAS team stated that they will adjust the follow-up large-scale Airdrop originally planned and redesign a more balanced Airdrop strategy to drop selling pressure and ensure user interests. At the same time, the team will gradually initiate buyback actions to stabilize the market and reflect long-term confidence.