Coins that have gone live on Alpha are driven by contracts, which give pump-and-dump schemes the motivation to manipulate the market. In the futures market, both long and short positions are targeted, which is why I advise everyone that when investing in fan tokens, you should choose those with contracts. Currently, spot market liquidity is nearly exhausted, and most retail investors won't buy altcoins in the spot market; instead, they bet on long or short positions in the futures market. Therefore, around the World Cup timeframe, even if there is hype in the fan token sector, the tokens with contracts are more likely to be involved, such as $SIREN , $CHZ , and these types of tokens.